NEW YORK ( TheStreet) -- The markets sank again Wednesday as gold fell 5% and broke through its 200-day moving average.
The Dow Jones Industrial Average fell 131.46, or 1.10%, to 11,823.48. The S&P 500 dropped 13.91, or 1.31%, to 1211.82. The Nasdaq slid 39.96, or 1.55%, to 2539.31.
Joe Terranova said on CNBC's "Fast Money" TV show that the big decline in gold today is connected to the growing need in the euro region to raise capital by selling gold.
Guy Adami suggested there could be a bottom to the decline when a headline comes out saying a central bank is stepping in to buy gold.For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw on TV
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