OK ... we need more reasons why gold is falling, not just 4

But this'll get us started:

1. China gold purchases were healthy .... but not as much as expected ... SELL GOLD!

A 57% increase sounds like a lot but it was far short of expectations. A Bloomberg Intelligence survey from April estimated gold holdings may have risen 300%.

2. The US Federal Reserve is going to hike rates (likely in September say 8 out of 10 surveyed economists), and it won't stop with just one hike .... SELL GOLD!

3. Demand for safe havens has diminished as we move away from potential Grexit (and the safe haven flows were not even there to begin with!) ... SELL GOLD!

there is still a risk right now that gold's lack of 'traditional' safe haven response could disappoint some participants and weigh further on market sentiment"

I said 4 reasons ... OK .... need 1 more ...

4. Who needs to hedge against inflation when there isn't any? Check out the price of oil .... collapsamundo! ... SELL GOLD!

OK

That's 4 reasons.

Who's got some more? In the comments please! (Reasons, as many as you like, as to why its gonna go straight back up again also welcome! Life is all about balance, right?)

Is anyone gonna get upset if I call this a weakly chart?