why haven't gold stocks .....

..... gone up with the gold price?

http://www.moneyweek.com/investments/precious-metals-and-gems/gold/money-morning-gold-mining-stocks-14900

Good read. Liked this bit and it makes sense:

The gold price is high, and the credit markets are dead. Gold won’t be this high forever – so mine the easy-to-get stuff and sell it while you can. Forget expanding the resource, or doing anything else – just get mining. This market isn’t interested in blue-sky stuff – it isn’t interested in dreams, it wants hard cash.

Even a mere 50,000 ounces of production per year – which is considered small – at a cost of $500 an ounce with a gold price of $1,500, means a profit of $50m a year. If your company has a market cap of $50m or $100 million, surely that’s a no brainer?