Gold in tonight's spot market is down about $4.00. That doesn't sound like much, until you take into consideration the S&P's being so sharply off tonight. The case for gold has a lot to do with the collapse of global financial markets. But if it is indeed a deflationary depression that is asserting itself, gold is destined to decrease in value like every other asset class. What are the signs to look for? Gold not appreciating in line with global stocks depreciating, as in tonight's numbers.