Jim Rogers: Bernanke needs to Quit

Jim Rogers: Gold correction ain’t over, and Bernanke needs to quit
 Jim Rogers : “It has now corrected for some 18-to-20 months now. I find that encouraging … Until it scares a lot of people, the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.”

    “Mr. Bernanke’s exit plan apparently is that he is going to leave his job. He doesn’t want to stick around for the hangover. He doesn’t want to be around for the consequences of what he’s doing,” Rogers says.

    “I don’t know if there’s an exit plan.  If and when they stop, it’s going to cause lots of ramifications in the market and lots of — perhaps even chaos, but certainly turmoil and upset. The only exit plan that he’s talked about is to let it all mature. That sounds wonderful, but it’s not very practical.”



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%.