By Chris Vermeulen and J.W. JonesNEW YORK ( TheGoldAndOilGuy.com) -- Throughout most of 2013, gold futures have been under major selling pressure. Gold opened the year trading around $1,675 per ounce. As of the Monday close, gold futures were trading around $1,220 per ounce, which would mean that thus far in 2013 gold futures have lost more than 27% of their value. Looking back to September 2011, gold's all-time high came in around $1,923 per ounce. In a little more than two years, gold prices have dropped around $700 per ounce representing a total loss of more than 36% based on the Monday closing price. I would say most analysts would agree that gold has been in a bear market over the past two years. Before we begin looking at a few ways to use SPDR Gold Trust ETF ( GLD) option structures to take advantage of higher future prices in the yellow metal, I thought I would focus readers' attention on some bullish fundamental data for gold. Let us begin with a chart of the Federal Reserve's Total Assets which is shown below.