POG tumbled

For me, that is a correction we had to have. It would be reckless if the POG kept going up. Well, it came down because the stock market in USA had climbed.

USA is still going broke. Manufacturing is down and house sales has fallen. The longer term prospect is not good no matter how the Feds manipulate the economics. Printing more money is a crazy solution.

So the trend for gold will still be up. But for the time being, ie today, gold stocks will fall. There are plenty of fund managers with very short term memory.