When money runs away in droves from equities, unless the metal makes a dramatic move (which does not seems too likely here), money flows out of all equities, including the miners. Sine the natural resources parabolic rise was called off when Goldman Sacks gurus announced a target of $100/$120 per barrel (and they were long the crude, which seems to be one reason GS is down solidly here, but also indicates they may have been trying to "talk up their position, in vain), gold will probably be somewhat weaker. The dollar is strengthening against the Euro for very fundamental reasons, the old European economies are having a very hard time creating employment and could possibly drop into a recession, well before the US does.
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