failure tto hold support @ all levels, #500..#485...#460(the LAST line of defense) bears it out.
They are unloved,deservedly, in asmuch as every Buy-on-Weakness strategy over the past 15 months has proven DEADLY!
Their bloated & failed mgmt structure demands SOARING AU prices to gloss over the magnetic 'black hole' of the inept imploding mgmt structure of the industry.
TONS of $$ENERGY$$ is expended JUST to brake the magnetic pull of MGMT's collapse!
This is year end, I far back as I can remember, year end is never good for miners, I think '07 was an exceptional year. This is a good time to accumulate miners at a discount and let second week of January move this unloved market higher.
You can day trade, you can swing trade, but investment in gold miners is tough ride. For those you are riding this thing until GG hits $60 or better, better play options game so at least there is some cash recovery. On that note, IMO we'll see GG @ $60 next year.