I as well have a hard time believing that our recent fall is due to tax loss selling. Everyone is quite aware that the PEA could be released any day now and most people expect it to be very positive based on recent news. So who is brave enough ( I use the term loosely ) to sell here , see a nice pop from a great NR and be sitting on the sidelines for the next 30 days ?

That being said, Dennis Gartman'statement that gold's bull run is over coupled with the recent fall in the POG may be weighing on us here.

For me, I'll wait for the PEA and let the chips fall where they may.

Rico