Well, they may try to do just that but will be will be facing the same ol institutional buying plus a new wave of jump-on-the bandwagon investors (now that $30 resistance has been breached). Couple that with another debt ceiling debate in congress, european union dissolution, an asian stagflation and I think you have the makings of a perfect storm for PM appreciation. Sure my net worth has suffered this past year, due to incredibly undervalued and oversold mining stock equities. But you don't actually lose money in stocks (or gain) until you sell those equities. Watch how fast they bounce back! S~P