Gold’s price is slumping to a four-month low Tuesday. It looks like a repeat of last year’s big selloffs: If traders worry about Europe’s debt problems or general economic malaise, they nevertheless sell gold. They may need to raise cash or they may simply be skittish about anything that’s enjoyed a long-term runup.
Dow Jones Newswires’ Matt Day finds a trader who also says that gold’s chart simply looks pretty scary, even ‘menacing,’ lately:
