The Gold Report: We are already into February and the gold market doesn’t seem to want to do what most people have been predicting. Why has it been acting so poorly over the past few months?
Chen Lin: That’s a good question. Nothing goes up in a straight line and 2013 could be a difficult year for gold. Recently Goldman Sachs predicted that gold will peak this year and then go down to $1,200/ounce (oz) in a few years. That could shake a lot of weak hands, so I won’t be surprised to see some selling this year, especially because gold’s seasonal peak is around Chinese New Year at the beginning of … [visit site to read more]
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