The price of gold has also been twisted by Bernanke and doesn’t seem to show signs of recovery. It’s not only the absence of QE3 that is driving the price down. Here are 5 reasons why gold is going down long term. In addition to fundamentals, also the technicals point lower. Gold price has lost uptrend support but still has room for falls until it reaches critical support at the gap line. Gold Fundamental Weakness No QE: The common explanation is that without more QE or hints of QE in the Operation Twist announcement, there is no further debasement of paper money and therefore less desire for the precious metal that ... (full story)