For gold miners, success has been anything but fun lately.

Everything these companies prayed for a decade ago, they got. Collapsing global currencies. A gold pricing rising from US$250 an ounce to more than US$1,500. Incredible earnings and cash flow growth. It played out exactly as the gold bugs said it would, and then some.

Yet you won’t find many gold CEOs with smiles on their faces these days, because over the last 12 to 18 months, their share prices have barely responded to the accelerating gold price.

more....

http://business.financialpost.com/2011/05/27/the-bullion-gold-stock-disconnect/

ebear