by Steve Saville, Gold Seek:
Here’s the conclusion of our 2014 gold forecast:
“Based on the small historical sample size, which is all we have to go on, you should ignore the predictions that gold will zoom straight back to its 2011 top. This is particularly so considering that gold’s true fundamentals are mixed at this time (no longer bearish, but not yet bullish). Gold is likely to provide a good return in 2014, but even if a major bottom is in place the gold price is unlikely to trade significantly above $1600 and could have trouble getting beyond the $1400s.”
We were wrong about gold providing a good return in 2014, at least relative to the US$. In US$ terms gold was flat in 2014, although it did provide a good return in terms of every other currency.
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