rabbitoh; I think SP's original question is still valid, "Why...

rabbitoh; I think SP's original question is still valid, "Why did these people invest in gold shares in the first place?" - if you were to buy into a gold company, you would have to believe the gold price is going higher, correct? Kind of like buying a coal/gas/oil/etc company, and expecting coal/gas/oil/etc to go higher.

I think it's a valid point that SP has made, gold is up, all the technical side of things look good for gold shares, yet they still refuse to head up. I understand the market is dumping most asset classes not deemed safe (ie. shares), but still. When the market does recover, however, how long can people ignore the inevitable, that various companies will be selling their product for 15% more than a month ago, with potential to double that again. What other company on the ASX can say that?