By Arie Goren
- With Britain voting to exit the European Union, World Gold Council expects to see strong and sustained inflows into the gold market driven by the staggering level of protracted uncertainty.
- I assume that Randgold's average realized gold price in the current quarter will be about 6% higher than in the prior quarter, and higher earnings can be expected.
- Moreover, I believe that Randgold's production margin will increase considerably in the current quarter due to higher average realized gold price.
- In my view, GOLD's stock is well positioned to achieve high capital gain as gold price continues to soar.