For once the stupid money (mine) was in the right place... Very impressive jump given that the markets and US futures are still positive. Also interesting that there were no significant exchange rate moves with the move in the gold price.
With the rand having strengthened yesterday, the rand gold price is still lower than at the close yesterday. If this is the reason though, it seems strange though that the diversified miners should ignore the strong rand, while the gold miners suffer for it? Perhaps the relatively high P/E ratio in the gold index is putting people off? Or folks have figured out that the South African mines are pretty much clapped out?
For more info on GLD, see Help and education > How to guides. There is a PDF there on GLD. Watch out for the wide spread, particularly with a geared entry - try to be patient and get good entry and exit prices to avoid paying the full market-maker spread.
HAR dropping like a stone!....They have arrested 114 illegal gold miners yesterday, that have been stealing gold and taken other steps to curb the activity,perhaps this frightens some people,but surely a good sign that they are taking action.Can not think why , as all the mining groups suffer from the same problen to various degrees including the platinum miners.