This week was very bad for the stocks of the precious metal companies. Though Royal Gold managed to rebound with good volumes on Friday, on a weekly basis it recorded a big cut. Most of the stocks in the sector have taken a beating, and it seems that the sentiment may take some time to improve. The fall came after a period of stabilization, where the stocks had started to trade in a range. The news about possibility of reduction in monetary easing from the Fed led to the crash, and gold fell 7% during the week. Over the last few months, the precious metal company stocks have been trading way below their book values. Though many are predicting more fall, there also voices that say that the crash may be overdone. Jim Rogers recently expressed some positive opinion about the prospects of gold. He is expecting rise in gold prices when the currencies, ultimately, get devalued. Chairman of Franco-Nevada (FNV) had stated in a recent interview that the problems being faced by the gold mining companies are mainly because they started mining too deep, and for lower grades when the prices were high. The bigger companies are now buying assets / stake in development stage companies and some royalty / streaming companies have also entered into contracts. There may be consolidation in Nevada as Coeur 'D Alene (CDE) had expressed interest in acquiring some smaller companies surrounding its properties. CDE already has a 5% stake in Pershing Gold Corporation (PGLC), a development stage company in Nevada which is expected to start production in 2014. All this may indicate that the bottom may be near. However, not may will dare at this stage. Hindsight, will again prove to be the best vision. The next few days may indicate whether there will be some stabilization in the short term.