Belg I'm not certain that the impact of a rising gold price is bad for Jewellers but I'd be pretty confident it isn't good.
In any case MHI are a quality company that you must pay a quality price for in order to participate. I'm still not in because the value doesn't quite hit my benchmark hurldes, although I've had a spare cash lying around of late and have been tempted to dribble little buy orders in (the only way to buy a company this thinly traded). Apologies to holders but I'm still waiting out for the day they get hammered by a bad trading quarter...