......................................Down, Down, Down!

SPX just took a dive and guess what, so did NEM and therefore HUI and the XAU due to SPX index funds selling NEM. Also, consider the cascading affect of SPX on other indices such as the NYSE Composite which contains gold/silver stocks such as ABX, AEM, and HL. Other index funds that contain gold/silver stocks will be forced to sell if they have common components with SPX or are simply affected by a general downturn in the major averages. So, it's not just SPX index funds selling NEM, there are other index funds selling other gold/silver stocks at about the same time when SPX declines. In the last few minutes SPX fell about 2 points, a meager -0.16%, yet NEM fell from 51.20 to 50.80 very quickly. Very small % moves in SPX can have a significant affect on HUI, NEM, and the XAU. Ciao.