Gold Price Plummeted more than USD 100 overnight....

After reaching a record of more than USD 1900 per tray ounce, gold price has fallen more than USD 105 overnight....

Quote from Reuters:

NEW YORK (Reuters) – Gold futures fell more than $100 on Wednesday, one of the steepest falls ever, as strong U.S. economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the safe-haven record high of a day ago.
Selling spiraled out of control as money managers competed to liquidate positions in COMEX futures, which experienced their biggest single-day dollar loss since 1980. Volume looked like a record.
The price of gold bullion is now more than $150 below Tuesday's all time high of $1,911.46 an ounce, downed by intense speculation about whether the Fed will announce new plans to ease monetary policy at a meeting late this week.
Analysts said it was time for gold investors to take money off the table after the rally extended too far, too fast in recent weeks. Bullion rose as much as $400 since July.

 So today the market will be confused... seller (gold shop/toko emas) will reluctant to sell their stocks.
Although for buyer like us will be a good time to get something out of it....

Current Gold price:

Not a good graph to see... :)
So a good suggestion to face this moment is be wise! as we can not control the price of gold.

“The Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole,” Heller wrote in an op-ed piece in The Wall Street Journal after saying the same thing in a little-noticed speech. “The stock market is certainly not too big for the Fed to handle.”…

Will it continue to plummeted? or this will be the bounce back point??
Fingers cross.....

1 Kilo of Australian gold... nice....