"the PM shares were the weakest performers of the commodity related sector today...lackluster compared to others. I would love to know the actual reason for that...and perhaps someone here can explain it."

I am just trying to get into the skin of the hedgefunds that are short the PM share sector. They are convinced deflationists, not thinking in terms of cycles and probably believe that today's rally was just a sucker rally. They have seen gold bounce back from $1600 en silver from $28 and are not concerned at all. They see that as a confirmation that the short term positive wave from the Euro area will dissipate next week and that the PM sector will go towards lower intermediary lows during this chaotic summer. They are probably adding short positions at this point all the way to $1630 gold, which may be the reason that the shares haven't reacted much. At the same time gold share bugs are crying under a rock and don't dare to add to their long positions.

The short hedgefund's c(g)old turkey moment should/will come when gold breaks above $1630 and silver above $29. Once that happens, it will be total panic in the short community and we will see daily10%+ movements up in the mining shares.

We may witness an epic battle around those levels over the coming week. Let it be quick and decisive.