Gold prices remain strong, however they have been dipping.
If we look at 6 month highs of around $2070/oz in August, the price of gold has fallen around 10.9% since August.
Companies that rely on commodities to drive revenue tend to be more volatile than the commodity itself. For example, if gold falls 10.9%, we can expect gold companies to fall much more than this. This isn't always the case, but it's something that generally occurs and if you're going to hold gold exposure, something you need to expect.
In a well diversified portfolio, although the price of gold and your gold stocks have gone down, it's very likely things like your financial holdings have gone up. I've attached an image to show you the direct correlation these stocks often have.
We feel the sell off of gold however is overdone. In this environment, especially with currency still being printed, stimulus to come and the economy relatively unknown, gold is still very relevant.
The price of gold has fallen 10.9% while companies like Barrick and Kirkland have fallen 20%+. Although we can expect these stocks to be more volatile than gold, double the drop is a little much. Both of them are still very profitable at $1850/oz.