As most of our readers remember, Jim Rogers turned bearish near the top in 2011, and was a bear since then. It was the correct view to have and one of the reasons for the bear market according to Jim was because of Indians trying to decrease their Current account deficit. Because the demand went down as well as prices, their actions had the required result and India must soon stop with their anti-gold measures. Jim Rogers still think gold will make new bottom probably at much lower levels: $1,100 oz or even $900 oz.
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).