My 2 cents worth This past week was a turning point for gold.
There was bad news for paper money around the world. From the Japanese yen getting stronger to the euro zone deflation even though there is massive stimulus there. The American economy was weak along with aapl bad numbers.
Gold on the other hand fed off all this news.
Risk on came back into the dow late in the day on Friday that tried to push gold down. This normal trade did not work this time. Gold held its own late in the day.
PG fought off the downside resistance late in the day. Normally the buyers would disappear on Friday afternoon and weak downside trades would push the share price down to eliminate most of the days gains. Buy side traders are back.
Next week will be interesting and hopefully PG will play catch up to its peers.