Jim Rogers : "I'm not selling my gold," he told Business Insider. "I'm skeptical,
even though I expect gold may go down even more to $1,000 to $900. A 50
percent correction would be $960 or whatever it is. Now 50 percent
corrections are quite normal in markets. What's not normal is for
something to go up 12 years in a row."The bull market's not over," he added. "Gold is going to eventually make new highs."
Not all experts agree that gold still has a new leg lower ahead.
Strategists at Deutsche Bank said in a client note that gold's correction might already have occurred, MarketWatch reported.
- in moneynews
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%.
