why is gold falling?, page-35

simply put:

"The tendency for individual hedge funds or anybody is to sell winners before they sell losers. What's been one of the few winners this year? It?s been gold."

taken from....

Hedge Funds Are Driving Down Gold Prices ? Hedge funds are selling gold and this is the number one reason why gold prices are down. The big question: "Are they selling because they are no longer bullish on gold or are they selling because they need to raise cash quickly and gold is a highly liquid asset?" Hedge funds not only need to raise cash to cover margin calls, in turbulent times like these, redemption requests increase and this too takes cash. Michael Gayed, Chief Investment Strategist for Pension Partners comments, "The tendency for individual hedge funds or anybody is to sell winners before they sell losers. What's been one of the few winners this year? It?s been gold." Not all funds are selling and there are still some strategists who predict gold to reach $2,300. After all, even with the pullback, gold is up over 20% for the year.

http://www.apmex.com/Commentaries/700/Mid-Day-Gold-Silver-Market-Report-9-23-2011.aspx