“THERE ARE MORE-ATTRACTIVE ASSETS to invest in than gold,” said...

“THERE ARE MORE-ATTRACTIVE ASSETS to invest in than gold,” said Atul Lele, chief investment officer at Deltec International Group. Lele is betting gold will fall lower still. Developed-market equities, housing, and even beaten-up industrial metals all have a better upside than gold, he says.
Jeffrey Currie, head of commodities at Goldman Sachs, said last month that gold would drop below $1,000 by the end of the year. Analysts at Bank of America Merrill Lynch are also calling for a drop below $1,000, as rising interest rates and a lack of inflation create “the most bearish cocktail for gold in the past 43 years.”
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http://online.barrons.com/articles/wall-street-bets-gold-drops-below-1-000-1438403727

“Hope is a good breakfast, but it is a bad supper.”
― Francis Bacon