Originally Posted by
Daytr
Skid, you are probably right, well from a Western point of view. i.e. US centric.
I actually think gold can still perform even if equity markets perform, not as well if they weren't but still ok.
Reason being I still think ETF selling slows & perhaps even turns positive. If European markets start improving, perhaps there is less reason to sell gold? I suppose it could also be a reason to sell to put money into the equity markets. If people are more secure & their wealth growing they will buy more jewelry. Lastly & most importantly I don't see the appetite in Asia waning & I think that appetite will outweigh ETF & European selling in 2014.
However if equity markets don't perform in 2014, gold does even better.
I'm not saying gold goes up in all & any conditions, however at the current price level relative to production costs there is reason to be optimistic imo.