With bond yields spiking and the dollar dumping, one might think precious metals would be bid but that bizarro, anti-status quo reality will not do and so, gold and silver (and crude oil) are tumbling faster than Sepp Blatter's reputation and the price of tickets to the "Russia" 2018 World Cup.
Gold & Silver dropped early on inflation forecasts suggesting a possible end to Q€ at some point in the future... but suddenly dump in last few minutes.
[7]
As Crude keeps dropping post DOE data.
[8]
And bonds and stocks have decoupled:
[9]
The good news is that with just two Indians down (out of a billion) for spoofing gold (here [10]and here [11]), the CME will have no problem finding yet another Indian scapegoat manipulating gold in their parents' basement in no time.