Gold and Silver are tanking, does anyone know why or when/if it'll stop?

Thanks

Eddie

P.S. Thanks Karen.

Precious metals are a notoriously volatile asset class, and many factors affect the price. But some observers are convinced that the gold market is subject to massive manipulation by the 'bullion banks.' Here's a video that summarizes this view, produced by an organization committed to exposing and combating such practices:
http://gata.org/node/20

Of course, not everyone holds this view. In fact, an interesting debate on this topic will be held at next month's Hard Assets Investment Conference in Las Vegas:
http://gata.org/node/6484

When will the present downturn reverse itself? No one knows for sure, but prevailing opinion in hard-money circles is that the 'gold bull' will resume its charge sometime this fall. Short-term movements don't alter the fundamental reality that appears to bode well for PM in the long run (i.e. continued runaway spending by the US government, further printing of $ to cover the shortfall, the resulting devaluation of the dollar, an economy plagued by various crises, geo-political uncertainty, etc.).

tanking in terms of what? Dollars?

Yes, dollars. I should have been more clear, my bad Frank.

Thank you Scott for your reply.

And thank you Karl for your emails.

Are dollars a good value measurement for gold? Gold has traditionally been a rock in times of instability. Furthermore, as a long-term store of value. If you look at dollars as a store of value, they have lost nearly 90% of their purchasing power, but gold has been consistent.