Jim Rogers probably knew 3-4 yrs ago (when gold was hovering around $1,500oz.) that the elite would drive gold price lower to the $900oz level. He said at that time, he would be a buyer of goldonce it dropped to the $900oz level.
GRIM
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According to the latest data, total Comex Registered gold dropped by another 11% overnight to just 134,877 ounces, just over 4 tonnes and another all time low, and since the gold open interest remains largely unchanged, the physical gold coverage ratio, or the ratio of gold claims to Registered gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.
