There currently is a balancing act going on with the share price. Today, it's a lower gold price with no news. The buyer is a smart one. Why put up bids with a general declining market until such time you start to see other bids come in. In my time as a floor broker I had many large "not held orders." No way was I ever going to show my hand. If the market declined with a buy order in hand I faded with the trend but I would never allow a big trade going up without participating, the same in working a not held sell order.

The public is out of this market, they have been severly burned and are only thinking about taking losses for tax purposes this month and for the next many years with carry over losses. The small public buyer of our shares just comes and goes. Today, he's just not around probably doing Christmas shopping or watching the DOW make new highs.

The bullish gold analysts continue to play the blame game. The gold market is coing down because institutions and individuals are taking losses and moving on.

Just like the Neophyte Seniors states, a drop just makes it less expensive to add to your position. I agree.