Turmoil: Cent Tumble and Technology Companies

turmoil: Gold's 9 per cent tumble this year belies the turmoil in emerging markets and jitters over technology companies, according to The Toronto Star. Carla Gottgens / Bloomberg Gold's 9 per cent tumble this year belies the turmoil in emerging markets and jitters over technology companies, the anchor of the U.S. equity bull market. Exchange-traded funds tracking the metal have bled assets for 13 consecutive weeks, the longest run in five years, investors have placed the biggest gold short on record, and bullion's chief foe a strong U.S. dollar is extending its market grip. The long suffering holders of ETFs have finally given up hope of the yellow metal returning to its former glories and have decided there is better protection in the dollar, the stock market and pretty much anything other than gold, David Govett, head of precious metals at Marex Spectron, said by email. Hedge funds and other large speculators increased net-short bets on the precious metal in the week ending Aug. 14 to the most on record, according to data published Friday going back to 2006. I can only say that gold, as a safe haven, has been a massive disappointment this year. (news.financializer.com). As reported in the news.