RE:Powell speaks, gold surges Hi psyc. My humble possible take on the current disconnect between the gold miners and the price of gold. Big money was largely either short or underinvested in both gold and gold equities when they were caught off guard by the terrorist attack that caused gold to suddenly rally. Those short are gently and slowly trying to cover without moving the market against themselves, and those who are underinvested are more than happy to add slowly at the artificially suppressed prices. All the while both sides are hoping gold retreats and they can continue to hammer the market lower again to reset! This leaves the ones on the right side of this trade from the beginning questioning their holdings and selling some in frustration and doubt helping their case. No one right now is sure that this move in gold is for real, but if it holds and breaks $2000, someone with deep pockets outside of the usual characters will likely come in and call their bluff, push the issue and the stocks will rise quickly! But not until they are sure, as big money doesn't like to go against big money unless they are sure! Just my opinion and best guess.