From goldchaser on ihub:

"Today [and last few days] technicals won't work. The selling pressure is coming from a bit of profit taking from people who had bought some sub .02's. They are moving some money to another fast moving story. [oil related"

Sounds like traders deciding the recent runup is stalled and they are getting out. I had wondered why there didn't seem to be more profit taking after the recent run. So we consolidate a bit lower before the next run.