It’s So Over: Goldman Calls The End Of The Great Gold Bull Market

Gold RIP.  Goldman commodity analyst Damien Courvalin is out with a big call: The top in gold is in.

The firm says that the primary driver of gold prices is real interest rates (which have been super-low in the United States, in part thanks to aggressive Fed easing) and that with the economy coming back, this era is coming to an end.

Before you get the details of this specific call, you have to understand the firm's overall view of the economy.  Last Week, Goldman economist Jan Hatzius made a big economic call ... that the era of sub-par, post-Financial Crisis growth would come to an end some time in the second half of 2013. And Courvalin, in lowering his gold outlook, is keying off of this call…..

Read more: http://www.businessinsider.com/goldman-calls-the-end-of-the-gold-bull-market-2012-12#ixzz2EHFwGSGg