I thought you might find this article on Seeking Alpha interesting:
2014 Market Forecast And Gold Prediction Based On Algorithms
by I Know First Research
Hedge funds got less bullish on goldfor the seventh time in eight weeks as signs of acceleratingU.S. economic and tame inflation growth drive prices to theworst annual drop in more than three decades.
Gold edges above $1,200 as traders ponder 2014.
“Generally, in this holiday scenario, the market tends to firm, as short sellers are less aggressive than their bullish counterparties when it comes to holding a position into an extended market holiday,” said Peter Hug, global trading director at Kitco Metals.
Respectfully it is nonsense. The idea that these people can predict things is ludicrous. The world is full of wrong predictions. It is complicated, but at the same time very simple. The pumping of money by the central banks coupled with decreased lending by private banks in a zero interest rates makes deflationary/inflationary forces cancel each other and create the illusion of financial stability and growth, which fuels the stock market and destroys gold. But it is an illusion, as neither exist. Gold is still in a bear market and may have another 10% down but exactly in 2014 it will start a new leg in its bull market.
The price of gold fell in European trading hours on Monday, largely erasing gains seen at the close of last week. Gold for February delivery GCG4 fell $13.10, or 1%, to $1,237.30 an ounce after closing up by roughly that amount in a shortened trading session on Friday.