depends of course on the company prospects ....but also the confidence one has in the GP
if you pick a solid company , a gold producer is geared to GP by a factor of something like 2 or 3 to 1 based on costs
it's all about margins , a quick rise in GP will have a bigger percentage effect on margin and hence company profitability than on GP
and the higher cost producers are the ones getting most benefit
of course .....the reverse of that applies with GP fall
apologies if I'm preaching to the choir here !
Gold Up In US Dollars., page-3
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