Gold miners slammed (GLD, NEM, AUY, KGC, FCX, GDX, ABX)
Gold mining stocks got slammed on Monday.
Gold flash-crashed on Sunday night, with the spot price tanking 3.8%, or $43 per ounce in a few seconds.
China reportedly sold one-fifth of a day's trade within two minutes.
And in trading on Monday, gold mining stocks felt the pain.
Here are a few of the big decliners:
<ul>
<li><span style="line-height: 1.5em;">Barrick Gold, the world's largest miner of the metal, fell as much as 15% to a 25-year low. </span></li>
<li><span style="line-height: 1.5em;">Newmont Mining, one of the largest gold producers, fell 12% to 18.16, the lowest in seven months. It was the biggest loser on the S&P 500.</span></li>
<li><span style="line-height: 1.5em;">Kinross Gold Corporation fell 12% to around $1.67 per share - an all-time low.</span></li>
<li><span style="line-height: 1.5em;">Yamana Gold fell 11% to the weakest in a decade.</span></li>
<li><span style="line-height: 1.5em;">Freeport-McMoRan, a producer of gold and copper, fell 5%.</span></li>
</ul>
The Gold Miners ETF fell 10%, and the SPDR Gold Shares ETF fell more than 2%.
Near 4:30 p.m. in New York on Monday, gold was down more than 3% to trade at a five-year low of about $1097.
Here's a chart showing the slump in some of the gold mining shares:
<img src="http://static1.businessinsider.com/image/55ad5ab5371d22472c8b5cfb-1276-630/screen-shot-2015-07-20-at-4.31.11-pm-copy.png" alt="Screen Shot 2015 07 20 at 4.31.11 PM copy" data-mce-source="Google Finance" />
Gold mining stocks listed in London also fell sharply, as Business Insider's Oscar Williams-Grut reported.
And here is gold's wild ride over the past 10 years or so.
<img src="http://static2.businessinsider.com/image/55ace0382acae7a6098b7d0f-2680-1780/fredgraph-(7).jpg" alt="gold" data-mce-source="FRED" />
<b>See Also:</b>
<ul><li>Gold crashed</li><li>China just revealed how much gold it's been hoarding for the first time since 2009</li><li>For the first time since August 2009, gold is cheap</li></ul>
SEE ALSO: Here's the S&P 500 ... priced in gold