RE:TIME to be very careful with TMM !!!!!!!!! This guy's from Wells fargo after making such a statement "gold going back to $1050" bases his statement on no real facts except for technical analysis as far as I can see.
Right now the thesis is gold does not pay you anything to hold it whereas currency ( such as US dollar for example) does so it is a true statement why would anyone wanna hold gold and get paid nothing.
When the day comes ( and it will come based on the economic unease of countries around world) more countries start lower their interest rates to 0% and negative rates , NO Bank or entity in their right state of mind will want to leave their money with central bank only to slowly watch it dissapear. That is what will keep gold in a bull market for a long time to come.