In terms of percentage, down $15.00 is not much so we'll have to get used to bigger swings.

I believe this is the Fed's doing, either through their PPT trading desk or a "friend" perhaps in Europe. It never fails though, usually a big dump of gold around 10 or 10:30 am.

The dollar was swooning on those jobs numbers and the dollar has been teetering on the edge of a cliff. You can be absolutely certain that the PPT has been given their orders and will be selling as much fictious gold as they can to try and stem the dollars decline.

Peter Schiff has no real basis for his "guess" about gold topping as an ounce equals the DOW. I heard him say this on FSN and I think he brought up some lame assed stats of this happening once before. It's stupid. Gold will never top out. It's higher now than ever and at some point will be much higher than now. The USD is dropping and as there are an infinite number of points between where it's at and zero, there is no way of guaging a bottom for the USD priced in Gold.

An ounce of gold will always be an ounce of gold.