minersyesterday gold was up $10 but hgd and the miners was basically flat. This morning gold is down and the miners are down... this could get exaceberated with all the earnings. The write-downs aren't a surprise, it's the eps less than expecatations after you exclude the write-downs.
My guess (and i'm biased at the moment), gold kisses 1250 soon while these bad earnings are coming out... filling all the gaps below.
still holding of course.