Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Friday, July 10, 2015

Jim Rogers Warns : Gold Prices may Decline by 15%


ET Now: On one side, there are concerns from China, on the other side we are looking at Greece and Europe as well. The US Fed rate hike is something that we have been talking for the longest time and then there is the strength in US dollar. The reaction in the commodities of course has deepened in the last couple of days, but are you looking at further decline continuing from here?

Jim Rogers : I would suspect that. The automatic, the normal test at the lows in oil will continue. It will make its bottom sometime in 2015. I do not know if the gold will make its bottom in 2015 too if it goes down another 15 or 20%. I do not think you are going to see much more on the downside in the agriculture going forward. For the most part, we are having test of the lows and I suspect that commodities will pass that test.









Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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