It's surprising that the HUI isn't much higher based on the present gold price. All day the HUI has been much weaker than gold price and within the index thay have been picking on NEM (picking on Newmont the most) and GOLD in particular with both down over 1-1.5% more than HUI index itself all day so far. Picking on a couple of the larger stories is a cheap strategy for the shorts. I note that I have found no news on NEM to justify this discrepancy.