Gold prices, now at a three-year low, could continue to get hammered as investors reshape their views of the precious metal. Forecasts for $1,000 an ounce gold sound much less far-fetched than they did before the metal breached $1,300 on June 20. "Technically, as these things start to break down, they often overshoot," said Robert Sinche, global strategist for Pierpont Securities. "I just think we have this critical couple of levels coming here around the $1,150 level and if it gets through there, who knows—it could have some pretty significant downside from there," he said. When gold fell through $1,300 last week, it broke below the 50 percent retracement level from its 2011 high, prompting...
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