Gold plummet continues

As of the time of this post, the price of gold's still dropping like the proverbial stone. Spot gold's at $1126.30. This news report, written before the lastest decline got rolling, ascribed the drop to a greenback rally and unwinding of year-end positions.

Spot silver's declining along with gold. It's now $17.56, down 61 cents on the day. And, of course, the three major U.S. averages are down about 1%.