rowingboat is quite right to point out the experience of the past. In the 1980's gold stocks actually ran hard well AFTER the price peaked to it's highest point. Gold mining stocks actually did poorly when the gold price was flying and trending nowhere but upwards before the peak (seems to be happening again). The rally in the GOLD price might actually end (when examined in hindsight) before we see a run up in the stocks.
Gold stocks aren't for the feint of heart that's for sure. Sometimes they seem to move in unison with the bullion price, then all of a sudden decide to decouple. If i had to guess i think we might see a big rally in the stocks one more time before this ultimately comes to some kind of end.
QE3 would help.......where is that good old reliable Bernank when you need him???
Disclosure:
Position: YES Sentiment: Who the hell knows??.....i change my mind everyday on these stocks. If you've got gains maybe sell and take some profits, if you've got losses = time to top up.
