RE: ????? Its a market problem. Other than the price of the physical commodity there are few if any resource companies hitting highs. This market has some similarities in price action to the summer of 2008 when oil spiked but the junior oil stocks showed persitent weakness.
I think the reason for concern is money velocity has been falling like a cliff since the first of the year and money printing has totally lost its intended effect and there are uncertainties when the program ends. I knew we were in major trouble when the lastest stimulus from the Japanese earthquake whose size was about 70% of the total QE2 program over 3 days lost its effect so quickly.