Lots of material on Kitco, 321gold and goldseek provides viable theories about why PM prices are in a trough at present. Several months ago I trimmed down to a chosen core of what I consider excellent PM mining companies in terms of resource quality, management quality, low debt and low political risk. The last few months I still took a haircut but I feel well positioned to participate in the upside if and when it finally occurs. I don't wish to hold cash beyond immediate needs while its purchasing power decreases so rapidly.

I'm not expecting PM price trajectory to resume its upward trend before the election. Strong US$ is vital for the ruling elite to fool the majority of the masses into believing their governing puppets can continue to satisfy the expectations of the US consumer. Ultimately, it's a Darwinian world requiring intelligent risk taking and a spot of good luck to prosper (I believe).