The Gold Sell off Can Go as Far as $800 Per Ounce Claims a Hedge Fund Analyst!

Lahore, Pakistan -- (SBWIRE) -- 04/19/2014 -- In a recent article published on SeekingAlpha, Jeffrey Dow Jones a hedge fund analyst claims that gold sell off can go as far as $800 per ounce. Right now gold is trading around $1,300 and a price of $800 seems to be far off. This is what Jeffrey Do Jones says: “I understand that $800/oz feels really far away, but consider we were just there in late 2007.” According to Jeffrey Dow Jones gold is tremendously overvalued relative to its fundamentals and the gold prices are slowly being accepted as a bubble. According to him a trend following approach has generated almost double the return of gold with less volatility.