That vertical drop in the wee hours of the morning is rather unusual. Usually, you see that sort of thing happening around noon Eastern Time. Makes me think there's another player in it.

The thing that we should take note of was that in spite of a bigg decline in gold, most equities of PMs did ok. The only decliner in my portfolio was San. $.02. I was wondering if some of the big hedge funds are starting to wind down their long gold short stocks strategy. That could explain why the sale of gold was done at a traditionally stronger time of the day.