As if holding GDX and NUGT over the last 6 months weren't crazy enough... Now production the US's second largest silver mine and the world's largest copper mine has just imploded via landslide:
LOOK OUT BELOW -10% OF U.S. SILVER SUPPLY JUST SLID AWAY
Predictions on how this will impact the PM and mining sectors? The blogosphere holds that the selling will continue. We'll find out starting in 3 minutes when the Asian markets open.
Edit: Selling Friday sucked, but I can say now that I'm glad I sold what I did, and wished I had sold more. This takedown is EPIC. Here's a little tinfoil, which should be of a little comfort if you're like me: Assault on Gold
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