Gold is down 6 days in a row and has broken back down to its lowest since mid-February (under its 200DMA once again).
[5]
As it seems someone wanted out in a hurry as Europe closed...
2500 Gold Futures contracts in 2 seconds at 11:35:48 $GC_F [6] $GLD [7]
— Eric Scott Hunsader (@nanexllc) April 22, 2014 [8]
The reason... aside from growth stocks are rallying which must mean the economy is fixed and therefore no need for the world's central banks to print any more money (oh wait apart from the BoJ and ECB)... is unclear... though we suspect the driver is to do with the following crucial chart...
[9]
h/t @Not_Jim_Cramer
Of course, gold is still the winner in 2014 (for now)...
[10]
Charts: Bloomberg