"The leverage is always on the bottom side of the category scale, so I anticipate that the bottom half of Junior Producers and the viable companies in Gold Exploration entities to outperform the top half of Junior Producers and Major Producers as the price of gold continues higher in late 2009 and 2010.

History tells us this is how it has always happened, and I believe it will again."

http://jsmineset.com/2009/10/19/the-shift-between-gold-share-categories/