Jims Rogers sees $900 gold

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For some reason this post just disappeared off the screen so here it is again. Basically in an interview with BusinessInsider.com Mr Rogers says gold could fall as low as 900 an ounce. This is a pretty good article if you have the time. I am also a bit of a fan of the calls Jim Rogers makes.


Author: Kyle Shortland

Kyle Shortland has nearly 20 years of investment management and financial markets experience and currently produces Asian FX technical analysis for MNI. Before joining MNI Kyle spent 3 years as a Foreign Exchange Analyst for Thomson-Reuters IFR Markets product. Kyle’s previous roles included tactical asset allocation and the development and management of model equity, commodities and foreign exchange portfolios for various Australian banks and funds. Kyle originally gained his experience in the FX markets as a spot trader with Colonial State Bank in Sydney Australia. Kyle holds a Masters of Applied Finance degree from Macquarie University, and a Bachelor of Commerce degree from Newcastle University.


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Kyle Shortland


  1. You obviously have not followed Jim Roger’s history of making gold calls. He dismissed gold all the until maybe 2006. He missed the run from $250 to $1020. Back when gold was getting ready to assault $1000, he said gold could trade back to $500.

    He’s always been a silver guy but silver as a commodity. Now, it would not surprise me if Rogers has privately been hoarding gold for quite some time. But he also understands the power of his views and if he want’s to try and buy gold on the cheap, he’ll say gold is going to $900.

    BUT, the Chinese have a different view and that’s why there’s been an UNPRECEDENTED four-day run of negative GOFO rates. The Chinese can’t the gold they’ve been buying, as in 100’s tonnes at $1300. What makes you think they’ll let the price fall below where it is now? Seriously?

    What’s GOFO you ask? I dunno, maybe Rogers can explain to Joe Wiesenthal what it means. This explanation is pretty definitive, however:


  2. If he’s not shorting gold then this is not a call.


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