Quote:

[T]he yellow metal's slide into bear market territory marks its 14th bear market since 1975, according to data compiled by Bespoke Investment Group. Gold has seen its per-ounce price plunge more than $400, or 21%, since its peak of $1,888.70 some 20 months ago. ...http://www.usatoday.com/story/money/...ounce/2077545/

Speculators and hedgers are spooked or the new realities are setting in.