No doubt that gold majors have been hammered and gold minors even more so. Adjusted price for Newmont is at its lowest price in many years. I expect the Euro to not survive and like many others think that the whole exercise was bad judgment in the first place. There is just too much ethnic difference in a hard working German culture compared to the "romantic" southern countries for example. The first result of a shattered Euro could very well be an initial rise in the US dollar and some flight to gold but also possible some lowering of gold prices with the dollar strength. However the huge massive US debt overshadows everything in the world and the US dollar has to implode at some time. Once the US dollar is no longer the reserve currency of the world, game's over and the gold feeding frenzy starts.

The Fed has nearly tripled the size of its balance sheet to almost 17 percent of GDP in the past few years. The European Central Bank and Bank of Japan have ballooned their balance sheets to around 30 percent of GDP. This amounts to multiple trillions of dollars, euros, yen, and so on poured into the global economy — with little lasting, sustainable progress.

There are limited places for safety other than gold and silver. Silver is more volatile but is far away from the base 1:16 ratio of gold-silver it is supposed to enjoy.

I agree with Crazy H in that the reported cores didn't show much but Sculpin etc have been all over this and those drill holes were on the edge and the unreported ones are marching inward. Someone mentioned Dynacor and they only have three veins that are worth mining at todays prices. We have 50+