gold shares relative to gold price

A financial publication today noted:

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GOLD STOCKS HIT AS PRICE FALLS

Gold stocks have followed the downward trajectory of the precious metal with its trading price falling nearly $US30 today.

At midday, spot gold in Sydney was trading at $US771.40 per fine ounce, down $US28.80.

The lower price for the precious metals also follows falls in the Australian dollar, which dipped below US80 cents today, and a weaker oil price with light crude for October delivery dropping $US3 to $103.26 per barrel.

Accordingly gold miners closed sharply lower, with Newcrest Mining Ltd down nearly 6 per cent to $20.02, Newmont Mining Corporation fell 6.5 per cent to $4.55, Avoca Resources Ltd dropped 1.5 per cent top $1.685 and Lihir Gold sank 10.7 per cent to $1.75.

The latest trading price for the precious metal is a far cry from highs reached earlier this year of over $US1000/oz, and a forecast made by Sino Gold chief executive Jake Klein in August that gold could climb as high as $US1200/oz.

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So, obviously, CQT is not alone. Which gold companies are swimming against the tide of the metal itself?