I think that this take-down of the commodity /precious metals sector has been the result of massive coordinated intervention by the G-20 politicos/central banks (or at least the old G-7 crew)...they can see the writing on the wall and are as desperate as ever to keep the system going as long as possible...

They have a huge problem with food and energy inflation! But if they stop printing money, the system implodes faster than a sand-castle in a rainstorm!

Food inflation equals world revolution! Massive deflation equals world revolution! They are trying to stay balanced between the two.

There is no way they will ever let the system implode like what happened post Lehman brothers 2008/2009... but they can't have run-away inflation either....

What's a slimey bunch of politicians/central bankers to do? Can you say: rig the price discovery markets!?

Just one theory....lol