POG is getting slamed today, now dragging along it's range for a triple bottom - 1180 -1200. If it breaks to the upside from here, that suggests the worsts is over, and recovery should be strong and swift.

On the other hand, if the price breaks below the triple bottom, well, uh, that ain't good.

Meanwhile, maybe the pending vote among the Swiss will at least support the price from here.

In other markets, base metals are doing well, so today's selling in gold may just be a knee-jerk reaction to the superficials of this morning's employment numbers (which only look good at first glace).

VP