Friday, April 26, 2013

Market Corrections: That’s Just The Way Markets Work

"Gold was up 12 years in a row, which is extremely unusual. I don’t know of any asset that’s gone up 12 years in a row without a down year. Equally important is the fact that gold has one correction of 30 percent - as much as 30 percent in 12 years. Now that’s very strange. Most assets correct 30 percent every year or two. That’s just the way markets work. The peculiar action in gold has been the 12 years without that correction. So it was certainly setting us all up for some kind of correction." - in Money Australia

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).