Precious metal investors have been on a wild ride so far in 2011. After falling to start the year, gold took off from its level just above $1,300/oz., skyrocketing higher on inflation concerns and an increasingly weak dollar. The price eventually hit the $1,577 mark in early May before quickly selling off, falling by close to $100/oz. in a matter of weeks. While a stronger dollar and declining fears over inflation in some of the world’s key emerging markets has certainly played a role in gold’s short term demise, some believe that gold has hit a near term top and that this is just a speculative bubble popping. Many have attributed at least part of the tremendous run-up in gold prices to the surge in interest in gold ETFs, tools that have been embraced by everyone from small individuals to billionaire hedge fund managers. Many of the world’s largest (and most successful) [...] Click here to read the original article on ETFdb.com. Related Posts: Gold Miner ETFs: Breaking Down All The Options Inflation-Fighting ETFs Back In Focus Global X Launches Gold Explorers ETF (GLDX) Playing Precious Metals Through Equity ETFs Hedge Funds Are Buying Up Gold ETFs, Should You?