Jim Rogers Correctly Predicted Gold Would Fall To $1200, And Now He Thinks It Could Go As Low As $900Business Insider
Jul. 08, 2013
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.Making InformationLiberation Great Again!
3.Miami Police Retaliate Against Female Driver Who Filmed Herself Pulling Over Cop
4.22 Signs That The Global Economic Turmoil We Have Seen So Far in 2016 Is Just The Beginning
5.Texas Appeals Court Slams Forced DUI Blood Draw
6.Paul Joseph Watson And Stefan Molyneux On The Real Agenda Behind The Migrant Crisis
7.'Multicultural Toilets' For 'Global Defecation' Seek to Stop Migrants Pooping On The Floor
8.Crewe Residents Accuse Police and School of Covering Up Abuse, Rape Threats by Migrant Kids
9.Code 291: Swedish Police Cover-Up Thousands of Crimes Involving "Refugees"
10.The American Dream Is Dead, and Now Even The Mainstream Media Is Starting to Admit It
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.