QE 3 has helped, but the most recent movement for the gains in some PMs is internal. Hedging or most important is holding back inventory from the last quarter. New mines and increased knowledge about veins under ownership is something that needs weekly research. I have discussed one miner here - EXK - and have many posts on their board. They held back inventory from last quarter - great management, new mines with options. They have have the attention of social funds for running a clean and respected company. I was able to buy 4X to 1X SLW. The company should have a great future and should have continued growth of over 30%.