From KWN today, "“I think they’ve nearly been pummeled, for example Newmont is nearly at the low of its trading range. There is a factor, a real fundamental factor here, although the price of bullion has gone up and up and up, the mining companies have a great deal of difficulties controlling their costs. Therefore their profit margins are under pressure. I was in South Africa just the other day where some of the richest holes in the ground exist, but the miners have to go down four kilometers and then along seven kilometers to get to the seam...."
You cant print gold or silver.