Gold. Price has been moving higher along with the US$ in the last 1.5 months. Also, the decline in energy prices is really good for gold producers, because that is 30% - 60% of their input costs. Profitability should be picking up in Q1 and Q2. What factors affect the price of gold? We have to look at the disconnect between paper gold and physical gold. Countries have been repatriating their gold.