This is just my gut feel. Hope I am right. Gold miners SP seem to be turning around nicely yesterday after Bernanke’s testimony. POG had a wild sway of $50, but the Gold miners kept their big gain. Everything seems to be down this morning except for Gold and Silver. It may be too early to tell. But, if this pattern holds for the next two trading days, we may have seen the bottom of POG thanks to the confusing testimony of Bernanke.
This is the article that describes ‘how Bernanke blew it’.