Gold Is Cratering!!! GOLD 1,292!!! -2,64%

Unclear exactly what’s up, but gold is tanking today.

You have to figure some folks went long gold based on fiscal concerns, so this has to be cruel to them.

Screen Shot 2013 10 01 at 8.41.01 AM

Read more:

Gold plunges below USD1,300 as U.S. government shutdown begins – Gold futures came under heavy selling pressure on Tuesday, falling below the key USD1,300-level, after the U.S. Congress failed to reach an agreement on a budget for the next fiscal year, leading to the first government shutdown in 17 years.,300-as-u.s.-government-shutdown-begins-253344

MISS: US PMI Is Unchanged At 52.8 (Exp 53.1)