Random Thoughts on a Gold Down -$100 Day

1. Stocks down AND Bonds down (sign of things to come in a rising rate environment?)
2. Gold down -$100 (-6.83%). , broke April lows, now at late 2010 levels
3. Silver down almost -10%, now lost over 60% since 2011
4. Best looking trend of late – the Aussie Dollar’s down move (been down 6 of past 7 weeks)
5. This was a decidedly risk off day (stocks, bonds, grains, metals, currencies, energy all down over -1%). Is the risk on/risk off environment going to come back?
6. Managed futures overall likely down today (down moves in stocks, energies, grains mostly reversals of current up trends