Gold: Goldman Sachs' Currie says worse is still to come, could fall under $1,000

Comments from Goldman Sachs' Jeffrey Currie on gold - he says the worst is yet to come, and price could fall below $1,000 an ounce

• "With the more positive outlook on the dollar, and with debasement risk starting to fade, the demand to use gold as a diversifying asset against the U.S. dollar becomes less and less important"
• "The risks are clearly skewed to the downside in this environment .... a probability that the market trades below $1,000 this year given our broader commodity view."
• Says gold, and other commodities are in a structural bear market

Currie is Goldman's head of commodities research

Currie won't be popular with gold bulls with comments like that.