Monday, January 16, 2012

I am Not Selling Gold by any set of imagination

Jim Rogers : I do not know. I own gold and I am not selling gold by any set of imagination. Can they do 20% again? Well of course it can do anything, but that would be 12 years in a row that gold would be going up and that is very unusual in any asset as you will know. It would not surprise me if gold continues to consolidate. Maybe by the end of the year, it will start rising again and maybe even have another up year in 2012, but gold needs to continue to consolidate. I own it. I want it to consolidate. It will make it much much better in the ultimate bond market much longer and much higher.