1)If U.S. Tax Reforms do work; boom! WTI could be more attractive in the commodity race vs. Gold .
2) Bitcoin , Litecoin, Ripple, Dash, Ethereum ...You name them! Cryptos are more attractive as short-term gambles for those 'waiting' to experience massive upsides.
3)Techs indicate overpriced in the short and medium-term for Gold which is an asset that pays NO 'dividends' whatsoever. Yes, wealth protection, but no one is thinking about it right now. And, if 'Mel-Up' thesis is, in fact, correct (so it looks like) then Equities are even more attractive now for Hedge Funds, Asset Managers and Pension Funds.
"Never risk the house for pennies."