now who should we blame?

For starters let's not blame AXM Management.

AXM have a good gold resource that would be very profitable to mine if the gold price, like everything else, including AXM's expenses, was allowed to keep up with inflation; if the gold price was now allowed to respond in a free market fashion to the worst financial crisis in decades.

Should yet another gold miner with solid gold resources go down the gurgler then blame should be put fair and square where it belongs.

It is the powerful US financial elite who arrogantly think they are a law unto themselves who are to be blamed.

Because as shown by GATA, beyond reasonable doubt, it is the powerful US financial elite who are manipulating the gold price, without a thought about the suffering they have caused and are causing by silencing "the canary in the coal mine."