This was taken from the **promotion blocked** website"Nomura said it changed its...

This was taken from the Kitco website
"Nomura said it changed its medium term outlook
for gold and becoming less bullish on the yellow metal.
"This change in sentiment is driven by expectations for a gradual strengthening of the
US dollar over the next two years and a consequential decline in investment demand for
gold", its analyst Mandy La Grange said in a report.
Nomura said stronger dollar is in response to slowing global GDP growth and rising
global inflation, which are set to deliver a normalisation of interest rate differentials
between the US and the rest of the world.
The house said its medium-term view on gold is "neutral", but it raised its long-term
price to US$650/oz, believing a floor price is set at this level by producers."

It might be a while before those shorters get smashed!