Its clear today that the low valuations for gold stocks are being driven buy a perception that the POG is facing a significant retreat.  Consequently, I am going to be closely following the POG.  It seems that $1550.00 is a critical level of support.  Given that we are getting beaten up buy the retreat in POG I would expect that if there is a substantial increase in POG we may see a turn in the fortunes of the gold miners.