These last few days since Bernanke's most recenly orchestrated gold smackdown, when just as he spoke to congress the big banks used the infinite supply of fed mone to push gold down brutaly (in my opinion), somone in particular lost a lot of money. Then the inevitable requirement to liquidate anything and everythign, perhaps to pay margin, perhaps for other commitments, and one of the small knock-on effects is that a quality gold junior they had held in their portfolio had to be sold off, regardless of price. If you look over the last few days, it was this poor trader (not investor) who sold off upwards of a million shares over the last 3 or more days.

Too bad I don't have any spare cash, would have loved to soak up some of these shares given away for 9 cents!

At some point, the enormous amounts of simulated cash used to keep rates down and the DOW up will find their way into gold, perhaps just at the time when Tyhee achieves a permit and financing....

Gene Skellig