I don't know either, Grgy, so my best guess for some time now had been that i think people are just too unsure about the POG holding up at these levels, so they're not willing to pay up for the gold miners in fear that the price could just come crashing back down at any time. So i think more people just need to realize that the new price of gold level is realistic and sustainable in the longer term. But with every drop in the POG, all the naysayers come back out with their presumptuous claims that the "bubble is over", when there hasn't even been a bubble. Let see when QE3 plans are revealed. GLTUA!