I suspect gold producers are currently undervalued, how do I find company that will have the best recovery when gold prices inevitably increase?

In February 2013 gold was ~$1,600 and ounce, and I suspect prices will return to these levels at some point within the next 12 months.

The first thing I looked for is major gold producers that lost the most value since February 2013. I found that SBGL is up ~37% over this period, when gold lost a lot of value... Does that mean that SBGL better than HMY because it gained value despite the slump in gold prices? Or is HMY more undervalued than SBGL?

Does anyone know of a better metric to determine how well a given metal producer's market evaluation will change related to metal prices?

Submitted April 17, 2014 at 11:21AM by archpuddington http://ift.tt/1l8DP83