I haven't been dumping this week and I don't have the kind of position that would take this down like this. I think it's larger sellers, perhaps even some of the real big guys. I'm just a little bummed about the market right now and my outlook is not all that positive for the next few months.

This is the worst I've seen this sector and sentiment has started to turn against gold in general. I have long option plays on large caps so I suppose I'm still bullish but it's very difficult to weather the storm.

I'm also a little dispondant with the ability of gold bulls and analysts to call this market. They've basically had it wrong all year but so have I which makes me have to re-think things. Charts are not reliable right now except over very short term trends and even then only so so.