Agree with post 34. A lot of the money in gold is in ETFs, IAU or GLD, and is quick in and out trading. When there is a downturn, a lot of stop loss sales magnify the drop.
The price will firm up at $1450 and likely go back up gradually. This is a buying opportunity if you don’t already have some gold and silver one ounce bullion coins in your gun safe along with some favorite firearms and lots of ammo.