RE: UndertakerHave to agree with mktneverlies. The consolidation of gold producers has created an opec of producers. These companies are so big they can control supplies during bear periods. Gold production has been decreasing about 7-8% a year. South africa production has decreased 17% this year. Lets not forget about the hundreds of tsx venture juniors who are going broke and would have trouble with future financing even if they were sitting on fort knox. Hgu is made up of the biggest producers and most of these are loaded with cash. And to the other posters bitching about hgu having a down day do your homework and look what happened to the individual stocks. k down 1.90 g down 1.78 abx down 1.35 you get the picture. If your interested in the bullion and not the producers buy hbu which was up today.