1) Gold drops as Euro rises, investors flock to Euro.

2) Gold drops as Euro drops and investors flock to U.S. treasuries.

3) Gold drops as U.S.$ drops investors flock to Euro/treasuries.

4) Gold drops at hints of deflation and investors flock to anything but Gold.

5) Gold drops as inflation threatens and investors flock to anything but Gold??????

CONCLUSION: There is way too much Flocking going on.