Well they have managed to take the HUI and XAU negative while taking gold down from near $1300 to $1293 print. This battle has been going on for thalst hour or so and this drives away buyers from the juniors and encourgaes traders to take junior stock profits or give up some long positions.
It's incredible to me that HUI and gold are nor ripping higher given the free fall in the US dollar lately and with China and the US of the verge of a trade war over currency which would be very market negative in my view for both the US and China menaing gold should be moving higher on this news as well.
Some entities are doing everything they can to create non-conformation in gold and gold stocks on a Friday before options expiry next week. And they have muscle. The question is will the money in the market let them away with today or will this morph into a huge run higher which all the fundamentals say should be happening.