Gold slumped to its lowest in 3 years and a wide range of other commodities sold off including silver, platinum, copper and iron ore. The 19-commodity Thomson Reuters-Jefferies CRB index fell 0.4 percent to its lowest levels since June 29.

James Marlay

it really does look like the Gold cycle is unwinding and could gain further momentum in it's downward momentum. High cost gold producers are coming under intense presssure and I expect to see mine closures and job losses continue in the sector.