RE:RE:RE:RE:POG Tapering is irrelevant. The POG is a function of interest rates and investor sentiment which has waned in light of equities going on a tear all year. The ability to sell apocalyptic gold narratives with an ever rising price point is on the garbage heap at this point. Times changed radically for gold investors. In fact I said last December that gold was going to tank in 2013 and it has.
It could take another year or more to find a bottom, possibly in the $1000-1100 range.. or lower. The entire commodity cycle is in the doldrums across the board and gold is no exception. I don't see any catalysts that are going to turn that around in the near term. The junior shakeout will continue.
That's my short term view of the price of gold, ymmv.