Silver2012
New Member
Legendary investor Jim Rogers predicts that as a response to significant drops in gold prices (i.e. 28% in 2013 and 37% since its peak), the precious metal will experience a short-lived covering rally. "So, it's overdue for a rally. We had a big drop in 2013. Everybody got negative, everybody got short." Last year, the high anticipation surrounding a tapering of quantitative easing policy by the Federal Reserve brought forth a decrease in investor inflation concerns and ultimately increased the overall sale of gold.
[youtube]http://www.youtube.com/watch?v=BZ_eNTpsZjo[/youtube]
Recently, this precious metal has experienced tremendous growth potential with its longest streak in over a year (i.e. a 4% increase this month following 4 consecutive weeks of rising prices). But these trends will not last long, and "after the rally, the year will see it going down again, and hopefully, finally we will make a nice bottom, and we can buy gold again." Mr. Rogers admits his preference for the value of gold (37% drop from peak) over silver (60% down from record high). Despite this preference, he has chosen to seize all gold and silver purchases, stating that he "won't buy [precious metals] just because they are down."
[youtube]http://www.youtube.com/watch?v=BZ_eNTpsZjo[/youtube]
Recently, this precious metal has experienced tremendous growth potential with its longest streak in over a year (i.e. a 4% increase this month following 4 consecutive weeks of rising prices). But these trends will not last long, and "after the rally, the year will see it going down again, and hopefully, finally we will make a nice bottom, and we can buy gold again." Mr. Rogers admits his preference for the value of gold (37% drop from peak) over silver (60% down from record high). Despite this preference, he has chosen to seize all gold and silver purchases, stating that he "won't buy [precious metals] just because they are down."
