Turning back to Gold again here is what might have happened

An earlier update this morning looked at the the more than $60 slide from the highs in gold today. Looking at that and the price action across the US equity futures in relation to the previous update on the Dow Jones, there is a possibility that the slide in Gold and rise in the US equity futures are directly related. However, before dissecting that a little more, it is important to note; there is no direct evidence here, that the two moves are exactly related in the way that is about to be suggested. The author here will leave you to make you own mind up on that. So, the inference here is as follows- the prospect of the US stock markets rising to set fresh record highs today (especially the Dow Jones) could have prompted someone to offload gold, in order to put that money to work in the US stock markets. After all gold has had a great run this year and right now the US stock markets could be about to top that going forward? Personally speaking that does rather add up, but of course that addition might be flawed. However, it would also explain why Gold has fallen, even as US yields slide at the same time. Perhaps we shall see if this delivers further downside for Gold today, as the session further unfolds? Gold is currently trading at $2,666.30