"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffet
Why is the price of Gold plunging? The overall sentiment has turned against the precious metal. Many have called it the end of the gold bubble. As a result, the
number of gold bears has gone up dramatically. When I look at the bullion market I see too many short sellers crowding in. And all hopes are now pinned on a 'sustained' global economic recovery. In fact, the US dollar has strengthened in recent times backed by hopes that the economy is set to recover and the US Fed would gradually wind up its QE program. The stock markets on the other hand are close to record highs in the western countries.
