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How Much Lower Can Gold Go?

The correction period is likely to continue throughout 2013, perhaps even 2014. But the spring of 2013 and the summer of this year flaunt plenty of bearish signals.

Saxo Bank's under 1,200 $ gold prediction was called "outrageous" by some. And behold: we're in the 1,400 - 1,500 $ range with very few bullish factors that could propel gold. It seems gold could go way lower than 1,400 $.

According to Forbes, gold can fall to 600 $ even.

The current correction might have a lot to do with the previously observed and well-reported gold demand decline. Prices obviously followed.

Prime Values has previously analyzed and published an article about a possible gold crash that might happen this year or in 2014.

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