Kinross Gold

I know it is frustrating watching K go down when gold is going up. I did not buy as high as some of you, so my pain is not as great. But, when you look at what to do with this stock, you have to ask yourself what you expect the big picture to look like. I am heavily invested in precious metals because I expect countries around the world to continue running huge deficits. I also expect QE 3 to be released within a year. That will drive the price of gold higher.

I realize this will not greatly help K's earnings in the upcoming quarter, but I am not a short-term trader. Kinross has 62 million oz of reserves. I feel that gold is going to go up appreciably in price, which only makes those reserves more valuable.

I put in a buy order @ $15.80. To me, this is a good deal.

Bob