Gold futures are holding above $1,300 an ounce on Thursday, after Federal Reserve Chairman Janet Yellen finished her testimony to Congress. Rosland Capital senior economic adviser Jeffrey Nichols tells TheStreet's Joe Deaux that, despite a growing number of analysts who are forecasting a decline through the end of 2014, he expects gold will end the year with gains. Nichols also admits that in the near term the yellow metal could drop as much as $100 in the "blink of an eye." Nichols speaks with Deaux about the Chinese economy and India's gold trade tariffs.

More from Video

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home