Gold prices continue to fall to near term lows, as the bearish predictions of conservative declinists of a collapse of the U.S. currency, and runaway, 'Weimar Republic style' inflation do to the policies of the Federal Reserve Board fail to materialize, 1200 WOAI news reports.


  "Not only is gold losing its appeal as a currency hedge, it is losing its appeal as a crisis hedge," Amaury Conti, a portfolio manager with Sendero Wealth Management in San Antonio and a former precious metals trader, told 1200 WOAI news.


  The latest bearish move for gold came late last week, when the federal reserve began its long awaited 'taper' and began phasing out its nearly five year policy of propping up the economy by guying mortgage backed securities.  Once again, predictions by declinists of a stock market which was artificially propped up by 'Fed printed money' failed to materialize.'


  "Gold does well when there is a fear of a currently collapse and currency devaluation," Conti said.


  Something else which is moving the bear market in gold is weaker demand from India and China, where gold is seen as a traditional value store.


  The price of gold is down 27% in 2013, and unlike almost all other investments will end 2013 lower than it began the year.


  Conti cautions about seeing this as a 'buying opportunity' or, as some hard sell gold pitches have put it, 'buying gold on sale.'  He says the U.S. market looks good moving forward, and he says in comparison to other economies around the world, from Japan to China to Europe, U.S. looks strong going into the new year.


  "Gold and the dollar are inversely correlated," he said.  "When the dollar depreciates, gold appreciates.  And what we are seeing lately is the dollar doing a lot better."


   Gold price has been testing long term lows when adjusted for inflation, and news that exchange traded funds are selling off large quantities of gold will not help slow the yellow metal's slide, analysts say.