The current theory is that today is the options expiration for the month on metal futures, and everything is getting whacked to protect the premium for the call sellers and juice the gain on those that went long puts.
Maybe I'll start buying again very soon: http://blog.kimblechartingsolutions...good-buy-point/#sthash.AMMAbaYg.7DDvisjn.dpbs
Margins are widening at SD bullion. A month ago, you could get a number of generic rounds for 99 cents. Now they are all at least 1.19 or as high as 1.49. Prices on 10oz and 100oz bars have come up too.