I couldn't agree with you more! What the heck is happening with the gold miners? The PE's are under 10 and the volume is lower than normal. I guess the retail investor "stupid money" is being allocated to the S&P stocks. I think that with a little patience we will see GDX in the $50 - $60 range by the end of February. They seem to lag the price of gold. Only time will tell. Good luck!