Bill Bonner, resident voice of reason and chief columnist for The Daily Reckoning, UK Edition, analyzes this past week’s actions in the gold market, including its relationship to U.S. stocks activity.

Perception and reality are not the same thing. And believing they are is a very dangerous for investors. Why? Because you can very easily fall into the trap of “market blindness” – you can assume you see everything while missing the elephant in the room.