POG, page-150

We have to accept that the financial markets as a whole are dominated by gamblers who influence daily events on the stock markets. Especially times when no newsflow is to be expected, when demand for a share is low, attract the vultures and bring desperate people to part with their shares at cheap prices. Those who can't wait have a problem, because only strong demand can reverse this trend and for that we need positive news which we certainly have to wait for some time yet. But they will surely come here, I believe (still).
The same applies to the POG - here, too, the gamblers play their games and suspend all the rules that used to apply in former calmer stock market times.
You just have to believe that gold as a safe asset has not lost its function and never will.After all, the price of gold is rising slowly but steadily. Not as much as some have hoped for or expected, but still - it is rising and with positive drilling results Nova will also benefit from it.