Gold plunges again: unleashes perfect storm for the bears

``It hard to tell through all this volatility but some of the attacks on gold are misguided.  There appears to be a general belief that gold protects against inflation, thus if inflation is taken out of the equation, gold must fall.  But long term research doesn't necessarily show this to be accurate.  Gold does tend to rise on fears of inflation, but some of its best performances in the past have been in recessionary periods -- and most notably during the years of the Great Depression of 1929 and thereafter.''