It seems that people are buying into the theory that the economy is improving, thereby diminishing the need for gold as a safe haven status, leading to a perception that the POG will plung further and mining for gold will become even less economically viable.  This seems to be a major emerging theory, one that Curvature expounded not long ago on this board.  If this is the theory behind the recent downturn in the POG I am not too worried.  I do not see many genuine signs of economic recovery;  I think that is just optimistic thinking and we are going to see many more serious financial dramas in the weeks and months to come, which will seriously undermine any perception of an economic recovery.