Problem right now is that sentiment when gold is going down is...

Problem right now is that sentiment when gold is going down is that its going right down and people get shaken out and bail on gold stocks. When gold is going up the sentimemt is always conservative that it won't stay up or that it won't be going further up, that its only a brief increase before rolling back down again.
So it has to be up for a sustained length of time, many many months or years before belief is achieved for some investors.
The world is still shakey and will remain so for years to come but more importantly there is a generation wave of investors who are now not as confident post the GFC as they were from 2002 - 2007 on easy street. Its now a cautious generation.