Here’s the real reason gold prices plunged — and why the selloff likely isn’t over yet

• MarketWatch photo illustration/iStockphoto Gold’s plunge last Friday is not the end of its struggles. That’s because, even in the wake of Friday’s plunge, gold investors are still exuberant. This absence of bearish fear suggests to contrarian analysts that more downside is ahead for gold GC00. Most Read from MarketWatch Consider the average recommended gold-market exposure among a sample of several dozen gold-market timers monitored by my performance-auditing firm. (This average is represented by the ...