That's what it seems like. I think the stocks just react quicker. For the week, gold is down about 3.5%, the stocks down almost 9%. Wouldn't surprise me if gold went down next week and the stocks just bounced around.

This week GDXJ did worse than GDX, but the really cheap speculative juniors (under .20) are holding up surprisingly well. Also, Venture held up better than TSX and US markets. Things are pretty shaky right now, but I think it bodes well for the not to distant future.