Gold Mining Stocks Glisten on a Mixed Tape

As equities as a whole are little changed today, gold is trading up about 1% to $964/ounce. Gold mining stocks however are far outpacing the metal's increase. Gold Fields (GFI) is up 8%, Harmony Gold (HMY) is up 8.4%, Gammon Gold (GRS) is up 9.5%, and Barrick Gold (ABX) is up 6.5%. The gold miner's ETF (GDX) which is a broad measure of gold miners is up 6.3% today. This could be a flee to safety trade in the wake of yesterday's market sell-off.