Goldcorp is a bell weather major gold stock that is completely unhedged and has growing production. The stock price today is approximately the same as it was in late 2005/early 2006 when gold was at $450-$500. Yet they call it a bubble LOL.
stateside
http://finance.yahoo.com/echarts?s=GG+Interactive#chart1:symbol=gg;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined