http://stockcharts.com/h-sc/ui?s=$HU...

The last time gold stocks got this far behind gold (the metal) in 2001 they quadrupled while gold itself doubled. The juniors have lagged even the gold stocks. So the technicals there are even better.

This chart compares the HUI/Gold ratio to Gold (the metal). The Gold price is shown as "price behind" in red with no price scale. Note the two ovals.

Underperformance in the juniors cannot continue forever unless one is willing to believe the global money printing will NEVER show up in the gold producer's or junior's prices. We just have to be patient.

If they print it, price will come.