The whole mining sector is at a low.

Barrick Gold http://finance.yahoo.com/echarts?s=ABX+Interactive#symbol=abx;range=ytd;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Newmont Mining http://finance.yahoo.com/echarts?s=NEM+Interactive#symbol=nem;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Do I understand why this is especially when Gold is at $1700 an ounce? No, it doesn't make sense to me.

The JPM's are at a low too and they're more of a risk than the majors.

When will the tide turn for the majors and juniors? I have no idea.