Goldman predicts steep losses for gold in 2014

Goldman predicts steep losses for gold in 2014:

'via Blog this'

Goldman is predicting a pullback to $1057.50, that is not "steep". It in fact may pull to the $1100 area although $1200 is more likely going to hold, the important thing to see here is whether GS is posturing to enter Gold, which is much more the possible reason for the press. A 15% fade entry is nothing for GS who will then ride it to $1900-$2500 making 90%-150% on the trade