Gold Plunged $62.3 or 6.80% As US Stock Market Rallied.

Futures traders won't forget today, as I mentioned earlier, the only thing can stop gold rising is the US equity right now, and that is today. We had a late afternoon dip for the S&P futures yesterday that dropped another 2.5% that pushed gold futures up to $936, however, as the strong rally today for the US equity market, gold quickly felled below the $900 intraday support and just falling like a rock, it dipped to as low as $824.70, that's another $100 swing. Once again, all eyes on US equity market currently, if we can see a follow up next week, gold is likely to fall back to $800 area quickly.