Investor Jim Rogers Says Gold Needs Correction, Isn’t Buying Yet

Summary: Legendary commodities investor Jim Rogers explains how gold is due for a correction, and that he isn’t buying just yet. Continuing on its losses from Friday, gold has officially entered bear market territory, dropping below $1400 an ounce. Rogers predicted a boom of energy and commodities in April 2006, and predicted in 2009 that gold would eventually top $2000. In more recent comments, Rogers still maintains gold will top $2000 “over the years.” Read more…

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