"Gold- Past Performance, Present Prices & Potential Predictions" by Mr. Prithviraj Kothari, MD, RSBL
Gold acted like a new born baby this year. It showed new movements and new trends which were quite difficult to understand, analyze and justify. But this baby though adopted by many was also abandoned by a handful chunk of people.
Gold that has always stood proud in its category, for the first time in 13 years, it gave negative returns. Moreover, it’s headed for an annual drop of 25 percent. Gold has been in a significant bear market since reaching a record high at $1,910 an ounce in 2011. On April 15, the gold price plunged about 9%—the biggest one-day loss ever for the yellow metal. In its collapse gold bullion lost $705 an ounce or 37% of its value to the recent low at $1,195. Some say the no. ’13’ as considered unlucky by many; has proved to be inauspicious for gold too.
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