Gold Price : I do Expect another Bottom Later

Jim Rogers: I am not a buyer now. I have hedged some of my gold, but not all of it. But I do expect another chance to buy gold later.

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%.

Gold Price : Why did it fall in 2013

Q: Strong Chinese physical demand for gold didn’t stop gold’s fall in 2013. Why did gold fall so hard in 2013?


Jim Rogers : One, we had an anomaly in the gold market. Gold went up 12 years in a row, which is very strange and unusual for any market. When the correction came, it too was an anomaly. At the same time, the Indians – who were the largest buyers of gold in the world – Indian politicians started blaming their problems on gold. So they took many measures to cut back their demand for gold, successfully.
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 IBTimes



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 Warns Gold Price Could Dip to $900/Ounce

Jim Rogers explained to Business Insider that the basis of his accurate forecast was intuition since it has been up for 11 to 12 consecutive years.
"I  don't know any asset that gone up 12 years without a down year, and gold needed and deserved a correction," he said, pointing out that the predicted price then of $1,2000 was within the usual 35 to 40 per cent correction.



Jim Rogers May Interview - Gold Price Crash, Bottom Prediction & 2013-2014 Price Forecast

Legendary Quantum Fund manager Jim Rogers made a prediction about gold prices. This week, his prediction rang true as gold and silver prices took another huge hit. In the aftermath, gold prices are now down approximately 30% since reaching an all-time high in August 2011. According to Rogers gold prices have even further to fall. "I have repeatedly babbled about $1200-1300/oz., but that is just because that would be a 30-35% correction which is normal in markets," he told Business Insider this week. "But I am a hopeless market timer/trader."
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%.