If you recall from yesterday’s article, I spoke about the fact that gold was facing selling pressure due to multiple asset vehicles directly competing with the investment dollars typically earmarked for that safe-haven asset (gold).

It was a combination of U.S. dollar strength and market participants bidding the precious yellow metal lower that resulted in today’s substantial decline.

Not since the Spanish flu, which was also known as the 1918 influenza pandemic did a virus cause such harm on such a global basis.