Snerk.

A chart of the crashing price of gold looks like a wedding ring rolling
off a table. Gold futures for June delivery closed at $1,361 an ounce on
the Comex in New York today, a drop of more than $200 in two sessions.
Gold’s fall of 13 percent since April 11 was the biggest two-session
decline since 1980.

Why is gold plunging? The most important factor is that global inflation
is falling, reducing gold’s value as a hedge against rising prices. Gold
bugs who were betting on an outburst of inflation are scrambling to
reverse their bets and exit their gold positions at any price.

http://tinyurl.com/p7p3sre