The sight of big name managers dumping gold likely augurs badly for its near-term prospects, as...

|By:, SA News Editor

The sight of big name managers dumping gold likely augurs badly for its near-term prospects, as such notables as George Soros, Julian Robertson and Pimco reduced their bets on gold during Q4, when bullion posted its biggest quarterly loss in more than four years. The price of gold is down nearly 2% today, and has dropped 6% since the end of November. (also)