Friday, April 26, 2013

Gold Is Going To Shake Out The Mystics

"Gold was setting us up for some kind of correction. Gold needed a correction — it still needs a correction — and I hope this is the proper correction which gold needs. Then gold — somewhere along the way — will make a bottom and we can all join in the bull market as it goes higher and higher. Gold has to go a lot higher over the next decade or so, because the world’s central banks keep printing money. Gold is going to shake out the mystics — there are still a lot of mystics in the market."

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).