sp is holding up well., page-22

This is well worth watching IMO.
It's a good simple explanation on how attractive leasing of gold can be and how it would be creating a very large artificial supply of gold.
It also explains why the POG may have had to be taken down below support to force large selling.

Charting is a powerful tool but understanding the fundamentals and using the two together is even more useful.
It helps in understanding what is more likely going on and therefore aids in trading decisions.
If you are confident gold is finished, you would ignore what might look like an obvious bottom.
If you are bullish gold, you will be watching and waiting for that bottom and much more likely to take advantage of it.

http://goldsilver.com/video/why-did-silver-and-gold-collapse-mike-maloney-and-chris-martenson/