{"id":33019,"date":"2012-12-14T09:03:08","date_gmt":"2012-12-14T14:03:08","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=33019"},"modified":"2012-12-14T09:03:08","modified_gmt":"2012-12-14T14:03:08","slug":"gold-set-for-dramatic-correction-hedge-fund-manager","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/gold-set-for-dramatic-correction-hedge-fund-manager.html","title":{"rendered":"Gold set for dramatic correction: hedge fund manager"},"content":{"rendered":"<p>MarketWatch &#8211; Long-term and perhaps even short-term investors of gold could be forgiven for getting rattled on Thursday as the precious metal\u00a0dropped below $1,700\u00a0an ounce\u00a0GCG3\u00a0-0.01%, down over $26 in the early hours of U.S. trading.<\/p>\n<p>Get used to it, says Uri Landesman, president of\u00a0Platinum Partners, a New York-based multi-strategy hedge fund.\u00a0\u201dGold was overvalued and it\u2019s going to come down dramatically,\u201d he said. And he sees 2013 shaping up as a year where gold will trade in a range of $1,400 and $1,800, meaning current prices are on the high side.<\/p>\n<p><a href=\"http:\/\/blogs.marketwatch.com\/thetell\/2012\/12\/13\/gold-set-for-dramatic-post-fed-correction-hedge-fund-manager\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MarketWatch &#8211; Long-term and perhaps even short-term investors of gold could be forgiven for getting rattled on Thursday as the precious metal\u00a0dropped below $1,700\u00a0an ounce\u00a0GCG3\u00a0-0.01%, down over $26 in the early hours of U.S. trading. Get used to it, says [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-33019","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=33019"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33019\/revisions"}],"predecessor-version":[{"id":33020,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/33019\/revisions\/33020"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=33019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=33019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=33019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}