I am using jquery knob knob on my site to create some nice visuals. I wish to change the color using a click event. I have provided a simplified fiddle of what I am trying to achieve. I have been trying for several hours and now have to ask for help
DEMO http://jsfiddle.net/JW2gP/62/
HTML
<input type='text' id='dial' value='0' />
<a id="chgColor" href="#">Change color on click</a>
jQuery
$(function () {
    $('#dial').knob({
        min: '0',
        max: '25000',
        fgColor: '#f00'
    });
    $('#dial').val(10927).trigger('change');
});
$('#chgColor').click(function(e){
    e.preventDefault();
    $('#dial').knob({
        min: '0',
        max: '25000',
        fgColor: '#000'
    }); 
});