Actually the industry being on the toilette is what will make gold go higher. As weak mines close less supply gets to market, less supply equals higher prices. As long as the price of gold stays below the cost of production of more and more producers then production will be cut.
The heart beat of gold is beating higher after the stock and option folks stopped leaning on the prices.
Either a stock in the GDX is getting pulverized or there an arbitrage or option expiration thing going on.
Amazing. I hope its only an option expiration thing,