I guess when gold mis up A$75 in two days, while that is a smaller % of the price, the % on net profit is far greater.
ie if were making $500 per ounce net, that is a 15% increase in net profit
Therefore if you thought a fair value was say $9 a 15% increase in the new fair value would be $10.35
I think most thought a fair value was north of $9 prior to the rise in the POG
GLTAH
Mis-priced Stock, page-418
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