Gold’s recent sell-off has been nothing less than spectacular. Over the last week or so, prices for the precious metal have plunged nearly 12%, and touched lows not seen in the last two years. This certainly has stung many gold-bug portfolios, and it definitely came as a surprise. Since 2001, gold prices have surged more than 600% as sovereign bond risk and rock-bottom interest rates have taken hold.

However, the recent improving financial landscape and macroeconomic picture over the next few years seems to have taken the wind out of gold’s sails. Given the improving environment and investors preference for stocks, the golden play over the next few months could actually be to short the precious metal.

SEE: What Is Wrong With Gold?

Lowered Price Targets Gold prices’ bull-run lasted about a decade -from 2001 to 2011- when prices hit a peak of $1,900 per ounce. Since reaching that historic ...

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