I think it is to do with a loss of confidence in the gold, and...

I think it is to do with a loss of confidence in the gold, and for that matter commodity, sector. If you look at last nights graph of POG, gold went a fair bit higher before settling just a little bit higher than yesterday. Don't forget LHG has a PE of about 40 which is pretty high. A lot of that is built in blue sky which seems to have turned a little cloudy as of late. But don't worry, if we string together 2 nights of reasonable gains in POG then LHG will be off again into the wild blue yonder.