Eldorado Gold (NYSE:EGO), Allied Nevada Gold (AMEX:ANV), Jaguar Mining (NYSE:JAG), Iamgold (NYSE:IAG) All Up over 9 Percent

Gold mining stocks soared today as gold futures broke a new record for closing, reaching $1.220.30 as the session ended. Eldorado Gold (NYSE:EGO), Allied Nevada Gold (AMEX:ANV), Jaguar Mining (NYSE:JAG) and Iamgold (NYSE:IAG) were all up over 9 percent in after hours trading, as growing concerns over the consequences of the approximate $1 trillion being offered to bail out euro-zone countries begins to sink into investors, along with the growing threat in China over increasing inflation, which could end up lowering demand for raw materials, as the company increases interest rates and takes other measures to combat it.

Many other gold mining companies were up today as well, but these were among the top. The gold mining sector has been waiting for a reason to rise, as they have been largely underpriced for some time, as they weren't moving up with the increase in value of gold.

With there seeming to be no end to the foolishness of politicians and their central bank paper money printing press buddies, gold is looking better and better as the fallout from the trillions in funny money being thrown around will come back to haunt the politicians, and hopefully people will have learned from the current recession that you can't just throw money at a problem to solve it, as it ultimately brings a larger problem into being, and we're about to reap that larger problem, and it could continue for many years, depending on the outcomes in Europe, which don't look very promising, when considering the time it took for Germany to put austerity measures in place to combat their culture of entitlement. That time period was 15 years, and that was among a people that were willing to take the steps.

The bottom line is gold will probably perform even better than anticipated because of the misguided efforts of politicians with no other agenda than getting back into office. Gold investors should rejoice over this, but others that are clueless will go through a lot of pain as a result of all this foolishness.