Heavy Profit Taking In Gold Has Investors Licking Their Wounds

Gold has taken a beating since early October, falling more than $100 to lows not seen in more than three months.  The yellow metal has suffered from a combination of intense profit taking, technical selling, and an improved stock market, which has zapped capital ahead of a possible fiscal cliff deal.  Continued Fed easing should put a floor under prices, but bullion is already looking oversold, presenting a risky opportunity.

http://www.forbes.com/sites/afontevecchia/2012/12/19/bloodbath-in-gold-markets-amid-heavy-profit-taking-presents-risky-opportunity/