“Gold, which was at $1,244.80 an ounce on the Comex at 8:51 a.m. in New York, will drop $1,050 at the end of next year, Goldman said in the report, restating an earlier forecast. Currie said last month that gold is a ‘slam dunk’ sell for next year as the U.S. economy extends its recovery.   Bullion is headed for the first drop since 2000 this year as investors cut holdings. Futures lost as much as 2.6 percent yesterday after the Fed signaled that tapering may start in the months ahead, according to minutes from its October meeting. Lower gold prices would alleviate concern about inflation and current account deficits in emerging markets such as Turkey and India, it said.”

http://www.bloomberg.com/news/2013-11-21/goldman-predicts-significant-losses-for-gold-iron-ore-in-2014.html

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