Below is an excerpt from RBC's recent gold report. If you recall Eric Sprott was one time associated with them but he was positive on gold and RBC was not. They have changed their tune. They seemingly like all gold miners, big and small.
"Trend & Cycle
LARGE-CAP GOLDS: The New BCE/Nortel?
To be clear from the outset: we are not recommending that you buy large-cap golds and sell the small-caps. We are saying to own them all!
Gold has been in a major bull market for several years now. Some believe that the recent runup from $1250 to $1425 is the last inhale of a bubble that is about to burst. We disagree. In fact, we would make the case that gold is destined to become the greatest “bubble” of all time, and that the parabolic curve of its price track is still in its infancy."
http://www.gata.org/files/RBCGoldReport-12-07-2010.pdf
