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Gold & Silver Extend Losses - Biggest Drop Since 2013

Because nothing says dump gold and silver like an aggressively escalating currency war...

 

 

Once again the US-Europe crossover period is the witching hours for Precious Metals...

 

But as soon as Europe closed,. gold and USDJPY decoupled dramatically as the pair-trade-that-nobody-talks-about rolls on...

 

As it seems losses escalated after the European close... and as Oil flushed below $44

 

Margin calls? Or maybe the status-quo just cannot stand the outperformance...

 

 

Charts: Bloomberg