From the previous Friday’s close to the low on Thursday, the CME February gold contract GC2G +1.69% plunged $82.10 or 5.1%. The gold shares, as tracked by the NYSE Arca Gold Bugs Index XX:HUI +0.59% , were down 6.6% at their worst.
Recoveries into the week’s end enabled gold to finish down only 2.44% and the HUI down 2.54%. But by then, no doubt, most gold bulls were disgustedly drowning their sorrows.
