Popular ideas for what was behind the massive drop in gold prices include:
- Cyprus’ central bank selling
- ETFs liquidating,
- Further signs of global deflation rather than inflation setting in
- Japanese investors opting to keep their yen at home, against market expectations, prompting yen strength, margin calls and forced liquidation of other positions to cover
- Hedge funds blowing up
Any other theories I’ve missed? Please let me know in the comments:
