bigpic,

After a long battle last week, the 8 month gold uptrend was finally broken today when London opened for trading. As a result the HUI was hammered (-21) and 34 of the 36 gold/silver miners I follow ended up in the red.

The question now is how long will this last? If we look at the USD for answers, then it the shelf life is probably more like days than weeks.

A frustrating day for sure, somethings many of us here have become accustomed to over the past couple of years.

It will be interesting to watch the outcome of this week's bond auction.