Pic, I continue not to buy the moon stuff at all (in terms of the gravitational forces exerted on us, thus altering behavior - sorry, I just cannot accept that). Having said that, one thing you wrote last week, struck a chord, and if there is, indeed a "moon effect," I would say the following could be the root.
As we all know, what many scientists contend is that life began in the seas, and finally came onto the land, in the form of amphibians, etc, etc. Well, if our ancestors spent millions and millions of years living within 100 feet or so of the coast (onshore or off), then I can certainly see that the tides would have affected them mightily and that there may be something in our DNA that "remembers" those days, and could cause an alteration on behavior.
With a segue to seasonals, "go away in May" is upon us once again. The time I "go away" will be the time that the market soars from May to October, of that I am quite certain. Gosh, I do hate that feeling! And ECU's early drilling news will fly right into the "go away" season - we'll need some solid results to counteract the usual self-fulfilling prohpecy.
Last week was rough, so many juniors and even producers/streamers were positively stuck in the mud, even SLW which had moved more than proportionately ahead of the silver price. People figure SLW won't be getting too many more companies to sell them their silver stream for $3.90/ounce - I guess they will have to pay a "little" more to tap into those sources.
I still maintain the ETFs are far and away the biggest cause of the problem for our juniors.