With fears surrounding the Greek crisis at center stage this morning, the USD staged a rally against the euro as precious metals sank. Silver dropped over $1.00 (7%), platinum fell to a level it hadn’t seen in six years, and gold made fresh four month lows. The markets had a decidedly risk-off sentiment today with global bourses, commodities, and currencies (non-USD) all trading in the red. Despite the Greek debacle and Chinese equities selling off 30% from their recent highs, the global market is still not viewing gold as a safe haven asset. Physical coin and bar investors most certainly are though. Coin and bar demand in the last few weeks, and especially today, has been exceptionally strong. We’ll see if any of this demand can actually help lift the price of the precious metals in the near term.