Gold stocks

Today I read an article by the director of a large overseas gold company. He was lamenting that POG has gone up by >20% while gold stock has only risen by 1%. He obviously didn't read the history of the JSE of South Africa. It took more than 1 year for gold stocks to be noticed. Why it takes fund managers more than 1 year to work out that profit is going to rise? Because their fathers didn't send them to primary schools to learn basic arithmetic. When that sector rose, it went further and further up for a few more years.

Will history repeat itself? Profit is the most important. If you sell gold a lot more than it costs you to produce it, then the rise will be inevitable.