I think the POG goes down for a while, but once it becomes clear that Shrub is serious about cleansing the world of that viral scum Sodomy Hussein, it'll spike up. Plus, when J6P figures out that buying every dip just proves that he's a dip-chit, it'll have more upward pressure.
As far as the stocks go, the charts SEEM to say that some of them, at least, are fixing to go up pretty soon. Note, however, that I only follow U.S. and Canadian goldies, since SA started messing around with mineral rights. I'm not sure that SA is actually going to nationalize anything, but I'm not taking any chances, you know?