We said Spec. Particularly like:
I can imagine many are taking money/profits off the table, yet, the gold sector is only just starting to see the higher prices from Dec/Jan this year flowing into their bottom lines. Each quarter going forward (due to hedging prices either increasing or tapering off), producers are going to see higher and higher average prices, yet their costs are mostly stagnating (due to a variety of reasons).
Time for gold producers to start locking in some sales at these levels. Even though I believe we are going higher.
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