Steady down move after 10:00 AM in the face of a big rally in equities. Fiscal Cliff deal was more of a tax increase deal than anything else, and may well tip the US into a recession.
THAT is why they call it DOPE!... +.71% is a BAD day?
+.71% is about 1/4 of what stocks did. Stocks ended near the highs, GLD ended near the lows. It is certainly possible that some people sold GLD today to move into stocks!
"Fiscal Cliff deal was more of a tax increase deal than anything else"
Long gold or not, THAT is a fact.