It`s still not a bubble. Something is going on that will explain the drop.
If it were a bubble popping then so would the gold stocks. But the companies that dig up the gold have not seen their stock prices sky rocket yet.
Could be a good buying opportunity.
Maybe sovereigns are selling off gold to pay off some fiat debt obligations?
The momentum of the dollar pig has kept it in motion as the ground has fallen away. There are those who think it is flying. The real outcome is not in doubt. The time of that outcome is.