BEzel recommendation for Gold

Gold
Gold for the Year 2014 will remain in a range with a bearish bias. Reason is the inclination for investors to take more risks and hence we will see movement of funds to the equity markets. People will tend to shift to equity due to lower inflation worldwide. In India it is more dependent on where the dollar is headed and the relaxation of the import duty on gold considering our government will control the CAD. The picture will be clearer after the general elections. Gold should remain below Rs. 35000 with a target of 23000 to 25000.