Comments from Goldman Sachs' Jeffrey Currie on gold - he says the worst is yet to come, and price could fall below $1,000 an ounce
- "With the more positive outlook on the dollar, and with debasement risk starting to fade, the demand to use gold as a diversifying asset against the U.S. dollar becomes less and less important"
- "The risks are clearly skewed to the downside in this environment .... a probability that the market trades below $1,000 this year given our broader commodity view."
- Says gold, and other commodities are in a structural bear market
Currie is Goldman's head of commodities research
Currie won't be popular with gold bulls with comments like that.
