I think you are wrong. Gold would be soaring right now. Smart money is always will ahead of the game. The dollar is stronger daily right now. If Greece actually exits, which no one in Europe wants, the euro will gain strength as it is a stronger currency without Greece.
The real gauge is the working metals. Which are primarily copper and silver with some intrinsic value. They have both been slammed. China slow down main culprit.
In that Medinah's large deposit is copper, these mines are becoming less valuable. In industry especially here in the states copper has been replaced primarily by synthetics except in the electronic space.
A penny is worth less than a penny again.
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