With gold and silver prices testing new highs, we turn to several leading resource experts -- Mary Anne and Pamela Aden, Mark Skousen and Larry Edelson -- for their favorite plays in the sector.

In The Aden Forecast, the Aden sisters explain, "Gold and silver recently moved well into record high territory, and it looks like they are poised to head even higher.

"Most impressive, gold's leading indicator still has room to rise further before it reaches the high area. This tells us that gold's current C rise is very strong and it's now likely headed to our next target level near $1200. Meanwhile, December gold will remain super strong above $1,020.

Eldorado Gold (AMEX: EGO - option chain) shares are rising today as gold futures have tagged another record intra-day high today. The front-month October gold contract is currently at 1,060, but was as high as 1,068 earlier this morning. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on EGO.

EGO opened this morning at $12.48. So far today the stock has hit a low of $12.13 and a high of $12.48. As of 12:00, EGO is trading at $12.53 up 46 cents (3.8%). The chart for EGO looks bullish.

"Gold has yet to take off in true bull market fashion, but its chart suggests that it's coming," says Mary Anne and Pamela Aden.

In their top-notch The Aden Forecast, the resource experts discuss the outlook for gold as well as some of their favorite mining stocks for investors to consider.

"Considering that the Summer months tend to be slow months, we could still see some short-term weakness.

"More important, however, is the bigger picture as gold is poised to rise during the second half of the year." Here, they discuss their outlook and some favorite ming stocks.

Despite the U.S. stock market's recent run up, the decline in the U.S. dollar and inflation fears have investors searching for safety in these uncertain times. A popular strategy that has emerged is to hedge market and currency risk with commodities, namely gold, oil, and uranium. What specific stocks and investments in these sectors are likely to outperform?

ETFs like the US Oil Fund (NYSE: USO) and the SPDR Gold Shares (NYSE: GLD) will obviously track any rise or fall in these commodities to a T, but perhaps individual companies in these sectors are a better fit for you. Below are some industry giants, as well as speculative plays that are also drawing attention from investors.

Mary Anne and Pamela Aden are among the advisory world's top authorities on metals and resources.

In a recent Q&A session, the editors of The Aden Forecast answer the most common questions that they are asked by readers as to the current state and future outlook for the precious metals markets.

In addition, the sisters answer what they say is the most frequent question they receive: "What is the best way to buy gold." Here, they offer a review of five strategies for investing in gold, including their top picks among stocks, closed-end funds and ETFs.

"The technical picture for gold is getting better by the day," says Eric Roseman. In his Commodity Trend Alert, he notes, "The last 16 months have been painfully boring for gold bugs. But every asset class has its day, and right now it's time for gold to shine once again."

The advisor considers Eldorado Gold (ASE: EGO) a speculative favorite. He explains, "Eldorado Gold is a $1.7 billion dollar company with operations in Brazil, China and Turkey. Management is strong, and despite a recent political spat with the Turkish government in July, earnings are booming."

He continues, "The stock is a perfect addition to our mining portfolio because it earns a net profit, has tangible reserves and has boosted its free cash flow."

In August, he observes, EGO reported strong Q2 results with net income rising to a record $26.7 million dollars, or $0.08 per share compared to $0.00 a year earlier. He states, "During the second quarter, Eldorado sold 112,702 ounces at an average price of $664 an ounce – one heck of a healthy margin."