That's a good question, X, if I knew my stomach would be in much better condition. I think the main conclusion for me is that this looks like a correction not a permanent elimination of value in the PM's. I think a major factor as well in that question is whether this is manipulation or just the market functioning as usual, given that the PM's are way more volatile than the rest of the market. Martin Armstrong says it is not manipulation, that it is not in the interests of the big powers and central banks to run gold down because they have massive investments in gold, and the market is too big to control anyway because everything is connected and too complex and convoluted to manipulate because of globalization. he thinks gold is going down because all are flocking to the US dollar around the world as a safe haven. That makes sense to me. On the other hand, lurking in the back of my mind all the time is that Keynesian economics which is trying to run this show considers gold the enemy of economic recovery because it is an alternative to currency, and is desperately trying to kill it, first its value and then its supply as the producers wither. So who knows? I am going with correction, temporary downturn typical of the PM's, and an economic system that will turn away from Keynesianism because look where it is taking us, a blind man can see it, but of course the politicians and economists are missing it completely. Ike