A hedge fund player has noticed the divergence between the gold price and gold share prices and now recommends buying shares:

http://www.bloomberg.com/news/2011-11-01/greenlight-s-einhorn-bets-miners-beat-gold-after-substantial-disconnect-.html

A technical analysis is presented here:

http://money.cnn.com/news/newsfeeds/articles/stocktwits/allstarcharts_5091.html?iid=EL

Since he's recommending it publicly then he's already placed his bets. We'll see in a few months if other funds dive in and move gold stock prices up. Gold is up $ 15 at the moment, apparently because some think the Greek problem is under control(not really).Almost 8 mil shares of PDG moved in the last 2 trading days with a pullback in price. I'm hoping for a steady rise from here but the market doesn't ever seem to get my memos.