Gold is down $70, below $1500 for the first time in years. Silver whacked and oil down too as market worries about Zimbabwe Ben pulling out later this year.
This could get a lot uglier as leveraged futures holders get margin calls and are forced to sell. Those with physical gold and a long-term view? Buying opportunity. As Carmen Reinhart just said, the crisis isn't over and inflation (devaluation) is the only way out.