Now Jim Rogers is Bearish on Gold


4 posts / 0 new
Last post
Mike Swanson
Mike Swanson's picture
Online
Last seen: 2 hours 52 min ago
Joined: 10/15/2010 - 06:21
Now Jim Rogers is Bearish on Gold

Rogers, who co-founded the Quantum Fund with George Soros in the 1970s and is a well-known commodities bull, also said he remains bullish on commodities in general but expects gold will drop further given the run-up over the last 10 years.

"In my view, gold could go to $1,200-$1,300 (an ounce)... Gold has been up 11 years in a row which is extremely unusual in any financial asset so gold is overdue for a correction," he told Reuters Insider in Singapore where he now resides.

for more

Facebook Comments Box


JOIN: WALLSTREETWINDOW FREE MEMBERSHIP

* Join and receive the Two Fold Formula guide to picking stocks and combine tested fundamental valuation metrics with technical analysis.

*Align yourself with the big trends of the stock market and be alerted when these trends change.

*Receive free updates when we see an investment opportunity in an emerging sector before the crowd gets in.

CLICK HERE: JOIN WALLSTREETWINDOW FOR FREE