Re: Jim Rogers $900 Gold
in response to
by
posted on
Dec 15, 2015 02:31AM
SideNote: I got lucky and found Jim Rogers $900 gold from a quick search. Obviously Jim has not changed his views from several years ago. From his recent 2015 interview, he has stuck to his guns, expecting gold to retrace back to the upper $900 price. That price is not far off. Time to buy physical gold!!
GRIM
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Commodities / Gold and Silver 2015 Jan 08, 2015
By: Nadeem_Walayat
Jim Rogers Gold outlook for 2015 according to a recent youtube video is for the gold price to halve from its all time high during 2015, which implies a drop from its April 2011 high of $1923 to $960 as the following extract illustrates -
"We have a lot of people who bought gold in the last 14 years. Gold has not had a proper correction for a long long time and in my view until there is a proper correction Gold cannot make a bottom and start over."
"Gold has not been down 50% in many years and that is not normal, most things go down 50% every 3 or 4 years, it's just the way markets work."
"If Gold were to go down 50% that would be $960".