RE:RE:Markets closed....Actually SM Gold is oversold, the weaker USD will bring more countries into buying it plus consumers as their currencies strengthen will hold more. Demand is exceeding output along with Silver. If it wasn't for the paper ratios holding it back with excessive manipulation Gold would already be over $3.000 an Oz. Don't look at the POG via a graph, that's like looking at an historical chart of the NAZ 100 when 50% of the avg of that index is only 7 stocks.
Look at Gold from the viewpoint of who's holding, why are they buying and the fact it's quite an amazing tangible asset to hold over fiat. In other words it's a very strong currency that will (should) only get stronger in price.