Fitzwilson: Mining Share Bottom, Merger Rebuffs Mean PMs Rout Ending

``The two suitors for Osisko and Allied Nevada probably acted out of fear that the window for making such attempts is rapidly closing.  As you can also see by the second chart below, the HUI has decisively crossed the 50-day moving average... It is better to sell cheap metal than cheap shares. The last remaining repository in the world for gold and silver lies underground at these mines, and we hope that the companies can survive the mergers and acquisition gauntlet.''