I was composing a post on this subject as you put up your message.

We need to see a triple bottom in POG before we can look to a strong recovery, so there is a good side to this. Note, too, that the selling sentiment in precious metals has not effected base metals, which are up - mixed signals IMO.

Did you see the other day where the ECB lowered a key interest rate further into negative territory? If it comes to risking hyper inflation or ruinous deflation, I'm sure the word's banks will opt for inflation