Because nothing says dump gold and silver like an aggressively escalating currency war... Once again the US-Europe crossover period is the witching hours for Precious Metals... But as soon as Europe closed,. gold and USDJPY decoupled dramatically as the pair-trade-that-nobody-talks-about rolls on... As it seems losses escalated after the European close... and as Oil flushed below $44 Margin calls? Or maybe the status-quo just cannot stand the outperformance... Charts: Bloomberg