Warren Buffett is famous for saying ...... "buy when everyone in selling - and sell when everyone is buying".
It seems to me that everyone and their third cousin is running for the hills in a desperate attempt to distance themselves from the gold stocks. I cannot remember the last time I heard a single syllable of positive sentiment directed at the gold sector - with the possible exception of the perennial perma-bulls.
So many sellers and so few buyers. A contrarian would see this as a very bullish moment. Unfortunately, I could replace the word 'contrarian' with 'fool' and be probably more accurate.