How many times have we seen this before?
The FED meeting minutes used as an excuse to take down the Precious Metals sector. Or how about with options expiration like last week? There is obviously an assault being waged against the only real asset that can show whether the US fiat has any merit or worth. As such, the gold and silver miners, such as LODE, are once again under pressure. When this will ultimately turn around is a good question. The US government continues to print money in QE3 and the world's central banks continue to buy gold for beefing up their reserves. Paper gold is looking downright cheap compared to the physicals. This disparity cannot last forever.
Good day to all.