GOLDPrice being hammered by sellers swithching to cash as in US$? What an amazing con job
being pulled off right in front of you. The US$ is now trumping gold as the strongest form
of capital that exists. Makes my head shake when ever a fiat currency which is being
QE'ed to infinity, a la 0 interest rates becomes a better alternative to holding gold, then
there is something very wrong in economicsville. Gold cannot be printed and QE'ed like
fiat, and yet in exactly this environment of global fiat expansion beyond anything the world
has ever seen, gold is being debunked and trashed. Where are the consequences of
runaway monetary expansion? So far there haven't been any despite massive global
QE and astronomical global gov't debt, and massive gov't intervention to try and jolt us out of
deflation. OK, you sell your gold and hold US$ but I'm keeping my physical. As for TMM,
like many other now marginal operators, the may be put out of business, but maybe thats
what the market needs. Sorry, but no one can stay in business very long when your below
the marginal cost of production. Get ready for massive consolidation.