FWIW, gold majors took a big hit today... ABX, G, K, AEM, YRI and NEM all down 8-12% in trading today.

Even though KXL is not yet a producer, and the correlation between gold prices and KXL SP does not seem to be significantly positive, Gold and gold stocks gapped down ths morning.

I think todays action had as much to do with market forces as it did with the recent KXL news which IMO was very promising.