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The Gold Bloodbath - Forbes
For years nothing seemed to stop the upward march of the price of gold. Fears of inflation, concerns over the future of the euro, central bank intervention and problems in the global banking system, all seemed to push gold higher. But in recent days the price of gold has sunk fast, a stunning reversal that has reverberated in the financial markets.
The strengthening of the U.S. dollar, news that Cyprus could soon unload excess gold reserves, bearish outlooks on gold from big investment banks like Goldman Sachs, and just outright selling of gold by influential investors like George Soros, have all contributed to the gold crash that has seen gold enter a bear market.