Any feedback on these thoughts would be welcome;If the US...

Any feedback on these thoughts would be welcome;
If the US markets (and other markets including emerging market forex) continue to fall rapidly what is going to happen to the Feds QE tapering efforts?
If they have to halt or possibly reverse QE tapering to stop the markets falling rapidly what will that do for the POG? POG had been pushed down very heavily for over 6 months on nothing but QE tapering talk.

Another point; Many players are heavily leveraged on general equity markets as has recently been shown by record levels of margin debt. There is also a lot of leverage on gold shorts. Many of them are probably still hoping for GS calls of lower gold to be correct. If margin calls increase on falls in the general markets (and those margin calls will be worse for those also short gold as gold has been climbing) then those increasing margin calls may force those traders out of their gold shorts, not just their equity longs. I wonder if that is part of what we are staring to see.