glori, if you look at a 1 year chart for GG it was pretty stagnant until jan 21st of this year. it was at $40...now at $55. a 30% move for a 40BIL company seems big to me but the media and investors dont seem to see it... this could be an indicator that miners are starting to get re-valued starting with the majors and working down the food chain.

i believe the main problem has been that most investors have been playing the immediate gratification game and taking little risk. investing in physical gold, GLD, etc. and taking the quick rise in the POG. there also seems to be an underlying fear of a "gold bubble crash" in the future. many folks have it in thier head that explorers/juniors may not see production for years and by then the POG will have crashed.....eventially investors will look at the real long term picture here.

even if there is a crash, i think the days of gold under $800oz are gone. which will eventially turn these juniors and lucky explorers into very profitable companies or huge buyout targets. wether gold goes to $5000 or settles back to $1000 gold mining will look very different in the years to come imo.

imo while retail (and many institutions) try to chase the gold carrot it might be a good opportunity to acquire some (very cheap and out of favor) juniors and explorers for the long haul. as risk tolerance comes back, you win. as gold sets higher highs and higher lows, you win.. if any country in the world decides to go on a gold standard YOU REALLY WIN!