My opinion is that no one knows where the price of gold will end the year. It could be above $1,300 or it could be below $1,0000. Traders make money by creating volatility in the market.
We did not see capitulation in the gold market in 2014. I think we'll see it this year and gold will bottom in the $900 range before starting a long term trend to above $2,000 within five years.
The last time oil was at $40 gold was at $400.
p.s. If anyone knew for certain what the price of gold would be at the end of the year they wouldn't be spending time posting on stock boards.
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