GBB and POGWhile I can agree with your sentiment for gold stocks and the price of gold there's a few things you didn't mention.
The TSX Gold Index is almost 20% off it's highs of 445 points when gold was at $1400/ oz. Right now you're buying majors and junior gold stocks for between $1350 - $1450 gold which is a great discount. If one was worried about taking a position near a short-term top in gold then the stocks provide you with a 20% discount on the gold price if not more.
Many gold stocks rallying today as the USD fails to be the same safe haven it was in previous market down-turns. Why hold something that will continually be debased when you can hold gold, the only reservations are getting in now when the price has skyrocketed recently.
GBB holding up quite well considering the general markets and I'm not surprised. The profits on some of these gold companies will be incredible if these gains in gold manage to hold up over this quarter, remember we haven't even entered gold seasonal strength yet in September.