This is a very good article on the rout in gold price...

This is a very good article on the rout in gold price overnight.

http://www.kitco.com/reports/KitcoNews20130412NC_2.html

It appears that we are in for an extremely volatile time ahead. Especially because of the uncertainty created by Draghi - who else is going to be told to sell their gold holdings (Cyprus on its own could not have led to the rout).

Is it Draghi though? Someone suggested that the US needs others to continue to treat the USD as a safe haven - meaning you really cannot let gold get away! So, did the Fed lean on Draghi to make this public comment before the event? One would think (hope even?) that Draghi is no fool!