The bottom continues to fall out of precious metals prices, gold off nearly $100/oz., or -5.1%...

|By:, SA News Editor

The bottom continues to fall out of precious metals prices, gold off nearly $100/oz., or -5.1% to $1,697. Silver is off $2.55/oz., or -7% to $34.61. The slide began right around the time Bernanke's testimony gave no hint of additional easing, but may have been triggered by algorithms kicking in when a large sell order hit the Treasury pits.