LONDON, 21 November 2013 – Portfolio Adviser today features analysis and comment from BullionVault is a detailed report on the sharp drop in gold prices in 2013.
The specialist magazine for portfolio managers, private bankers and investment advisers leads with head of research Adrian Ash's view that gold "has had an upside down year," moving directly opposite to its more typical seasonal patterns.
"Only in March did gold really stick to the script, and even then it turned the average post-1968 slip of 0.2% into a nasty 2% fall," Adrian says, offering his opinions on what led the gold price to move so sharply against trend in 2013.
On an annual basis, he adds, "The last time gold performed anything like this badly was in 1982. From the start of that year, gold prices fell 25% by the end of June; this year gold sank 30% down by midsummer. 1982 then bucked gold's more bearish trend with Dollar prices ending the year 8% up overall."
Read Adrian's analysis at Portfolio Adviser:
