double top on gold in motion, page-9

As far as explanations for the current malaise in the POG go, I believe this link provides many answers.

http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=167297&sn=Detail

The gold market has been denying all logic. Virtually everything which is happening in the global economy suggests that the price should be rising – and probably rising fast.