whats the point, page-16

there are many different factors that affect a gold stocks rise or fall besides the USD or AUD gold price. Most gold stocks have done well over the past six months, but because at least in the medium or smaller cap stocks, each has significantly different production, cost, exploration, risk etc profiles, you need to know why you are being a particular stock and not another. Once you know the profile, buy what you think has not had the potential 'good news' factored into its share price. If you are right, and the markets stay generally OK, you should outperform. I would say that grass roots stocks are pretty risky at this stage, given the general nervousness around. However, something that is increasing its production, is unhedged with a relatively stable production cost base, doesn't need more funds, and has some good immediate exploration upside is good if its P/E is modest.

angus