The month that was- fear and loathing in financing

The price of metals may not have retreated much but the prices of equities in the mining space have been brutalized over the last six weeks. It is clear to us from this that we have long suspected has taken place. We maintain that there was never all that much new long term interest in mining equities (particularly precious metals) and that most of the momentum was coming from the rising liquidity tide engendered by QE2. Read the full commentary