And the last, but not least is Yamana Gold (AUY), a gold producer based in Toronto, Canada. The company engages in the acquisition, exploration, development and operation of gold properties. The company also focuses on copper and silver projects. It holds gold production, gold development stage, and exploration stage properties, as well as land positions in Brazil, Argentina, Chile, Mexico, Central America and the United States.

The company carries a market cap of $3.5 billion, has annual revenues of $1.1 billion and is seeing excellent top-line growth. With the price of gold well off its highs and the dollar looking like it might tank next year, shares of AUY, now trading at $5, have a serious shot at trading back up to their March high of $19 if gold makes another run to $1,000 per ounce.

Gold prices found significant long-term support at $700 per ounce, rebounding dramatically back up to $800 in a matter of days. I would want to try to pick up shares of Yamana Gold (AUY) when gold prices dip back down to at least the $750 level, a very probable event given the amount of Fed stimulus being thrown at the credit crisis.

But at $750 per ounce, shares of AUY will be trading to around $4.50, a major multi-year technical support level, where I would be an in-line buyer. That's Wall Street jargon for "back up the truck." If you want a dollar hedge, this gold miner is just the ticket.

Bonus Recommendation:  Buy Yamana Gold (AUY) at market.