Gold's bad week
Gold has had a miserable week, and it's not getting any better today. With a jump in the dollar, commodities are getting nailed with a straight-down move since the open.
For gold, it's the 4th straight down day, with a total loss of more than 3.5% (and getting worse). The metal is now also trading at 6-month low.

Whether this is extreme enough to be considered "too much" is debatable. Historically, forward returns after similar selloffs were positive, but just barely so. It's not compelling enough yet to suggest a high probability that exhaustion is near.

