Today is more about Greece...their spreads have widened overnight to the highest point since their crisis began. The Euro got pummeled which is lifting the USD and inversely hitting gold.

It doesn't matter that gold has gone up 9 straight years. The knee jerk reaction in any financial crisis situation is still to buy the USD and sell gold. I would have thought we would be past this old school trade by now but you have to remember most experienced traders are from the dinosaur era and old habits are hard to break.

stateside