I read this last week (forgot where I read it) and haven't been able to find data to support what I read so take the following with a grain of salt. Many inves

I read this last week (forgot where I read it) and haven't been able to find data to support what I read so take the following with a grain of salt. Many investors owned gold as a hedge. The market's downturn happened so rapidly and violently, their other positions took a massive beating. That divergence happened because big players needed to get out of their gold position to cover margin for their other positions.