Although gold prices closed off of their highs today. As of 4:50 PM Eastern standard time gold futures, basis the most active June contract is trading down $0.10, and currently fixed at $1279.30.

It seems like the financial markets at least for today are following, to some degree Newton’s third law of gravity which states that “for every action there is an equal and opposite reaction.” In the case of the financial markets if we remove the word equal

With the exception of palladium, the entire precious metals complex closed lower in trading today. Gold, silver and platinum all sustained losses today with silver prices experiencing the greatest percentage draw-down.