In the wake of gold’s panic inducing $30, one day sell off on Friday, players across the hedge fund universe are reassessing their relationship with the barbarous relic. What started out as a long term commitment is suddenly morphing into a short term fling, or maybe even a one night stand.

The yellow metal is now down $80 from its $1,450 peak set only two weeks ago. The technical analysts among you will recognize the chart

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