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%.

Thursday, May 1, 2014

Gold : A 50% Correction Is Possible



I would remind you that markets have big fluctuations and they always had and a 50 percent correction is common, normal, it always have been. A 50 percent correction for gold would be 960 dollars per ounce. I am not saying that as a target or a recommendation or even a forecast. I am just saying that if gold went down 50 percent it would go to 960 dollars per ounce. and 50 percent corrections are the norm. It would be unusual if it does not have a 50 percent correction anytime.

Related ETF: SPDR Gold Trust ETF (GLD)



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 "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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