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What Is Happening To Gold?
Apr 14, 2013 - By Staff Writer

Gold future prices for June took a nosedive on Friday finishing at $1,487 per troy ounce, a 22% decline from August 2011 at $1,889, the highest point in last three years. USA Today reported that "There is no apparent reason for the sell-off, apart from saying that the move is fueled by technical, computer-driven trading," and "some hedge funds are getting out of gold and moving to stocks". We expect a short-term panic sell-off to hit the market this week, but investors will once again realizing an opportunity will move in, the fact is that gold is gold."