Some expensive / high cost producers are in trouble with big drop in gold price. Their profit margins have evaporated. One can understand that those stock get a major hit but the entire sold sector is behaving as all companies will lose money.

When the dust finally settles. The companies that are still very profitable should do well. The probelm with CEE is not the gold price but EGYPT. CEE cost is around $700 they still have huge gross profit margin. No worries at the present gold prices.

Now that the sectors is been beaten up. CEE should go shopping & pick up some good reserves out of Egypt.