We're getting into panic selling territory in the PMs. Given the large move today, I decided to remove my hedges at the close (closed out my short position on GDX). The selling is probably not done yet, but a bounce is possible anytime. It's also possible we go down hard first. I may re-establish my GDX short position tomorrow - depends how the PMs act early in the session.

The next day or 2 could be real interesting for gold stocks....