The European economy looks like it's going down the tubes so the expectation is for lower rates in Europe, easing the pressure on the dollar and causing gold to weaken. Those who seek to keep the public duped use this as an opportunity to frighten investors out of their positions in the metals and the stocks with some success.

In the long term this is bullish for the metals as lower European rates and a stronger dollar put off the day of reckoning for the Fed and allow even more inflation to be stoked up worldwide before things come to a head. The more paper money out there the higher metals prices go when the public finally wises up and tries to exchange paper for metal. Eventually this is going to come down to supply and demand.