Tuesday, July 9, 2013

Jim Rogers Correctly Predicted Gold Would Fall To $1200, And Now He Thinks It Could Go As Low As $900

The price of gold peaked at just over $1,900 per ounce in the fall of 2011.

And it was right around that time that commodities guru Jim Rogers began warning investors that the yellow metal could hit a low of $1,200 before the sell-off was over.

He was right.

Gold prices entered a bear market (down 20% from its high) in April. And on June 27, they touched $1,200.

In a phone interview this week, Rogers explained to us how he arrived at the $1,200 figure.

He also offers his outlook for gold as it continues its complicated bottoming process.  (more)

Please share this article

No comments:

Post a Comment