The thing that we should take note of was that in spite of a bigg decline in gold, most equities of PMs did ok. The only decliner in my portfolio was San. $.02. I was wondering if some of the big hedge funds are starting to wind down their long gold short stocks strategy. That could explain why the sale of gold was done at a traditionally stronger time of the day.

From Ed Steer today:

"The tide turned for the precious metal stocks Wednesday afternoon on August 24th, when gold had one of its biggest down-days in history. The gold price closed almost on its low...and the shares finished [although down on the day] on their high tick. It's been onwards and upwards ever since. Let's hope this trend continues."