Gord,
It's easy to explain....it's magic....really magic, you know the kind where the US Gov sells paper gold into the market and there's never a chance they will have to repay in gold. They can roll over contracts and settle in cash. I mean look at commodities all screaming to the upside, unprecedented moves in ALL of them. Where's gold, and by association the dogs that produce it.....in the toilet!!!!!!!!!!!!!!!!