Many economists respected by Republicans, such as Nobel Laureate Robert Mundell, Brian Domitrovic and Judy Shelton praise the gold standard.

FORBES: The Gold Standard: A Litmus Test For GOP Candidates

With the hype surrounding Black Friday, it appears analysts were ignoring one critical factor, not taking heavy discounts into account, says Brian Sozzi, chief business officer at Nothing But Gold Productions .

FORBES: Why Retail Investors Need to Be Their Own Analyst

Brian LaRose, technical analyst at United-ICAP, noted several levels of support gold prices need to hold to avoid seeing a sharp break or change in trend.

FORBES: METALS OUTLOOK: Weaker Trade Possible In Gold If Financial Markets Stabilize