This looks like psychological warfare intended to discourage people from investing in pm shares.

The HUI bottomed in October 2008 at 150.

Since that time, we have now had an incredible 12 major corrections in just 15 months, despite the fact that the HUI is now 385, or 156% higher!

Here is a list of these corrections, each one of which was frustrating and blood-curdling, and each one of which ended with a strong move back up:

(Table below)

These corrections are horrible, frustrating, infuriating, but they will continue to be part of life until the Cartel is defeated, which I believe will be sooner rather than later. Make no mistake, they are 100% engineered illegally by that Cartel, and each month their desperation and blatancy grows.

And now we have the “Chindia put”, as this is where India bought gold from the IMF and not far from where it was when China announced it had been aggressively acquiring gold.

And even with the corrections, the sector continues to rise, as this certainly is what GATA calls a “controlled retreat.”
Andy

The Gold Cartel has gone all out to get their way. So far they are winning this battle, even though the reasons for gold and silver to go much higher continue to increase.