Hi Casey,

I noticed that nobody replied your query. I have often wondered the same thing myself. There has to be some explanation for the miserable share prices, but then again it could be something as direct as the outright BS like today - there is no way to know the 10 days of the year when to be invested to be around for the payday.

Maybe, just maybe now the prices can recover and the shares lift, right? The painful thing is that everything I own was worth more last year when gold was a lower price.

As much as I hate to admit it, the deflationists are truly winning because that is the painful truth of deflation. Some blogger in the past talked about price decay of leveraged ETF's, meaning that they are always changing in price, with the general bias being down for both the "UP" and the "DOWN" ETFs. That means that no matter what - money is being hoovered out of these things by the people running the funds.

Come to think of it, maybe those type of ETF's are what JS was referring to? It has to be some kind of derivitive product continuously shorting the group. I own Kinross - take a look at that thing - on good days it goes up 1-2%, on neutral days it goes down a small amount, then on a day like today it is down hard 2-4% or more.

How else is it possible that stocks like SOOO many out there right now are worth half of what they used to be. It is the classic definition of deflation even though we are in the products that should save us from it?

Also why is it that so many of these companies have had 'something' go wrong with them in the past year negatively impacting the stock price AEM, K, SVM, NDM. In some cases there have been some truly positive news for a company (like our own AUM - new properties, reverse split on shares and much $$ in the bank) and we are beaten down from 20-25 down to 6 (currently 8.28?) I want to vomit as I write that actually.

And this $100 drop in the price of gold today - what a farce.

The only good thing about the stocks not going up with the price of AG and AU, is that they also don't drop quite as aggregiously as they have in the past. Remember Sept 22?

Still sucks. Tomorrow offers new hope - the gold price is already well over $1700 this evening, currently $1725.

It just sucks because the next time the price of gold is at an all time, the stocks will be lagging behind so you still can't tell when lighten up the load.

Back to the deflation point again.

I guess it will stop when the stock prices get to zero?

At least I'll still have all my shares, just like the pundits say.

It's getting tiresome to be made the fool of so often.

Sorry to be such a downer - Scoutaz had it right - supposedly he is still waiting around for his $4 AUM price :)