Interesting post (first time reader of yours!). Essentially what you are saying is that Gold stocks should not follow the spot Au price?
This has been the case from the Gold stocks I have invested in 2008 (bummer!), but shouldn't it be a case of production costs-unhedged sell=margin? I would have thought that people would be buying up in Gold bullion (especially in turbulent times) and hence a strong demand for gold shares.
It sort of defies logic (well my kind of logic I suppose)!
I am going to hold my Gold stocks for the time being as I cannot think of any other sector (apart from energy and Oil) that has potential at this time. Any other reasons to get out?
