Good move, IMO. Gold only has to stay flat and stable for a few weeks or months and prove it has some backbone. The miners have been getting killed not because gold is $1200-50, but because of fear it might crash through $1200, $1100, $1000, etc and head back to $800 or so. If that fear begins to melt away, miners will recover some, although they sure did F up spending like drunken sailors when gold was $1800. Did they really think it would last forever? They should be flush with cash right now from the glory days of gold, not drowning in debt.