Gold Slump Eases as Traders Weigh Unwinding of ‘Crowded’ Bets

Well, I think you've effectively hit the head on the nail for the immediate reason. I mean, any commodity that has this parabolic rally that gold and silver had and the new entrants into the market, which be they were flooding in and have been for many, many months now, it really does invite a volatility and be profit taking stroke, liquidation on any news or developments that run counter to gold. And we had a couple of them within a few days and it really did give us a big and deserved, I think, correction ...