You can assign any reason (or blame, if you think that way) for gold’s falling star act today.

It made no difference that a weakening U.S. dollar against the euro lent some serious upside movement to gold. In the end, traders were selling, selling, selling and that has dragged gold down.

Apparently no one likes good news any longer.

Housing starts in the U.S. totaled 1.16 million in May, above a consensus estimate of 1.15 million. Yet, down went the Dow, S&P and NASDAQ.