Gold May Have Been Battered, but It Is not Beaten

Gold started the week by taking a licking, but it kept on ticking. A massive early Monday morning sale of 18,500 lots of gold, totaling 1.85 million ounces, in a short space of time had a great deal to do with the selloff.

The precious metal did gain back close to half of those early losses as Monday's trading session progressed. Pundits blamed everything from a "fat finger" to bullion bank-market manipulation for the quick drop, but the reasons are largely immaterial. Crosscurrents in the market were highlighted by Goldman Sachs in a report released soon after the price drop, which cited a number of reasons to be bullish on the yellow metal. We remain bullish on gold for the remainder of the year and beyond, but we should all strap in and get ready for a volatile ride....174 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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