There Are Still Many Mystics In Gold

"Gold is still going down. India was a much bigger buyer than anyone else – so obviously when you take out demand from the largest buyer of anything, it causes a correction. That’s what been happening. Nothing unusual about it.

At the same time, many speculators and investors were cutting back after the 12-year bull market. That plus the Indians overwhelmed Chinese demand.

I still am not buying gold in any big way yet, because there are still too many mystics, too many people who think that gold is holy. I don’t see how the markets can make a bottom until a lot of those mystics get shaken out of the market. Once they throw in the towel, then gold will make a significant bottom, and I hope I’ll be buying a lot more at that time."  - in IB Times

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).

Commodities: A Temporary Correction

"It’s a normal temporary correction, which happens in all markets. The bull market in stocks between 1982 and 2000 had many significant corrections. In 1987, stocks went down 40 to 80 percent. 1989, 1990, 1994, 1997, 1998 – these were several very significant corrections in the price of stocks. Back then many people said: Aha! Now the bull market is over. Well, they were wrong. In my view, this is what’s happening in commodities." - in IB Times




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).