The exorcism of gold from the minds of investors is not yet complete... The plunge of gold is the only thing going for the dollar...and that plunge must be sustained indefinitely.
What is amazing is that the FED and other central banks "let" gold get so out of hand in the first place... I would have never believed it!
Naturally there are "the fundamentals," but these are "managed markets" there is nothing fundamental about them... That's why the gold surge was so surprising.