Here's a video report from yesterday by a guy who predicted today's sell off, and who looks for higher prices from here.

http://www.superforcesignals.com/video/2015feb5goldbullflag/2015feb5goldbullflag.html

Besides, what is happening in the gold market today is, in my opinion, only a knee-jerk reaction to jobs numbers that are not telling the real truth. While official employment numbers sound great, the fact is there are fewer full-time workers in the marketplace than there have ever been (as a percent of the total polulation). American families are not earning more, they are earning less, and at a time when the cost of almost everything is rising around them.

In a closing note, base metals prices are mixed today, meaning the turn in POG is no big deal, IMO.