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).
Wednesday, April 3, 2013
The Gold Market Outlook
"I don`t think the bull market will end in gold. What I said was that normally all assets correct 30 or 4 percent every year or 2 or 3. It`s just the way the markets work. Gold has only been down 30 percent once in the past 12 years and even then it ended up for the year. This is extremely unusual for any market. So, what I said was, that if gold were to correct 35 or 40 percent it would go to 1200. Gold needs to correct it`s supposed to correct every 2 or 3 years. It has not, which worries me. If it did, I hope I am smart enough to buy more. It should but it does not mean it will. It may go to 2400 before it goes to 1200."
at 11:20 AM