It's clear that a further decrease in interest rates is being...

It's clear that a further decrease in interest rates is being factored into US markets. The US Govt is operating on the priciple of inflate or die. I think the increase in POG is simply a refelection of this and bodes well for the prolonged if tortuous upward movement of gold. Inflation is really the only thing that can save the US economy from its massive debt problem.
AnnaP