Jim Rogers thinks gold and silver will keep falling in 2014, 2015

TreasureHunter

TreasureHunter

Well-Known Member
FRESH video: Jim Rogers believes gold will make its final bottom in about 2 years time. :o
This may come as a shock to many - more sideways moves and more dips in 2014, 2015...

Seems like he expects silver to go down further as well - from what I understand from this video.

[youtube]http://www.youtube.com/watch?v=CywizxXuW1k[/youtube]
 
Well that'd fit with this charting scenario, where this bull market is predicted to follow the 70s pattern but with the durations and magnitudes blown up approx two-fold.

Gold-70s.png

Source: http://forums.silverstackers.com/topic-42326-another-are-we-here-now.html
 
he was abit vague that way if it goes up he can claim "I told you I bought gold and silver" if it goes down 'I told you it would bottom at some other time in the future"
 
So, where do you see gold headed?

I personally believe it will go to production costs interval, prolly a bit lower and then it will bottom.

I think 1,000-1,100 $ might be the bottom, perhaps it will dip below to the 900's for a short while, but wouldn't be able to sustain it for long.
 
Well everybody he could be wrong. He's been wrong many times before. But he's holding onto all the gold he owns and yes he bought in the latest dip and he hopes he'll be smart enough to buy more if the price drops further.

And maybe it will if enough people who ask him silly questions have enough listeners who'll surrender physical that he can claim physical from the Comex again.
 
ilikecoins said:
He is a billionaire, spot price doesnt affect him.
Click to expand...

But if he thinks it's going to $800 he'd be crazy not to sell now and buy back in at $800. Unless he's not sure of his own advice?
 
Rogers has a good track record of assessing market moves with reasonable accuracy. He is probably right about cautioning on this momentary rise in spot and about investing too much emotional capital into the rhetoric of "gold and silver headed to the moon" that we constantly hear from the screaming permabulls.
 
Think he went to one of Martin Armstrong seminars.

I really don't know why people still bother listening to other people say it might go up or it might go down... oh or it might stay the same.
 
leo25 said:
I really don't know why people still bother listening to other people say it might go up .....
Click to expand...
It gives them psychological reassurance that they are right, and losses are not bad. :D
 
leo25 said:
Think he went to one of Martin Armstrong seminars.

I really don't know why people still bother listening to other people say it might go up or it might go down... oh or it might stay the same.
Click to expand...


This is not a criticism of you Leo, I'm just responding to your comment in a general sense.

The longer I stack, the less I heed most loud mouth's (pm pushers) predictions on where spot will go next.

I do think it is very important that decent people and truth-seekers point out the fraud and farce of the permabull insanity-chatter (everywhere where it exists, not just on forums like this) which claims that gold and silver will be skyrocketing tomorrow, silver will surpass the triple digit level soon, yadda, yadda, yadda. It is for the sake of new stackers that this be done because they are being intentionally misled and manipulated by those who only care about their own personal gain....not about giving sound, cautioned advice to new people who are vulnerable but don't want to be sold snake oil. The truth is, if what was being pushed was any other asset other than pm's, most permabulls, I'm convinced, would back me 100% in me saying that the hypers should not get a free pass to spew their rhetoric thereby manipulating and misleading new comers. The stench of hypocrisy is thick around some people.




.
 
You must log in or register to reply here.
Back
Top