Not only has gold fallen precipitously, but it has not shown
any strength to the upside after such a drop.
With the Dow and S&P falling substantially, it is possible
that gold is being sold to meet margin calls in the equities,
but there should be some buying at these levels from buyers
who see a bargain price.
The Dollar is a complete fraud at these levels and should collapse
soon. Maybe even later today.
Gold could be taken down to the 89860 75% retracement point
of the whole move up from 86750 to 99210