Is MA still calling for gold to drop below $900? That call doesn't seem likely at this time.
Actually I think that was one of his best calls. Came pretty darn close, at the bottom.
The potential reason for gold to decline is when the stampede into the USD and US stocks begins in earnest (once it is clear that Europe is totally fucked), this could cause move out of anti-dollar assets such as gold and even Bitcoin. We could be seeing a bounce in gold because the outcome for the USA is still murky until after Trump wins and also because it is not clear yet to the mainstream that Europe has come off the rails. Thus indecision and move to gold instead of chasing the herd into the USD and US stocks, which will instead come later probably Q1 2017 or so, as MA has been indicating lately.
re: earlier conversation about USD & gold up together - after doing some further reading, I'm seeing how this could occur. A case of not wanting to miss the USD bus implies probably selling gold to maximise US exposure.