Yeah, I'm pretty worn down too. I've been having some success in other sectors, in particular the solars, but my attempts at bottom fishing in the PMs have been quickly followed by the discovery of new bottoms. Even though I usually get out fast, it's still at a loss - and a loss is a loss.

This will likely end either by capitulation or by boredom/washout (I'm leaning towards capitulation). I think it will end in July - the setup is for a strong seasonal run. I don't know if a seasonal run will be strong enough to seriously weaken the gold bear, but I only play the intermediate term anyway. I don't think anyone really knows whether the gold or commodity super cycle is over, or just a cyclical bear within a secular bull.

We're not very far from the 2008 crash lows in both the Venture and HUI - maybe that will be the final cycle bottom. Meantime, I just try to play the short / intermediate technicals and get ready for a tradeable event - which may come very soon.