Well I was half right.... European & US equities markets hammered . Gold off around 1%. We saw a similar move last time there was a sharp move lower in equities as those who had hedged their long equity position with a long gold position have to sell their hedge as they sell out of equities. I should have remembered this from the last big move. What I do remember is gold did respond & break free of equities shooting higher after a couple of days of trading in tandem & I wouldn't be surprised to see the same here.
