Gold: In The End Gold Will Turn Into A Bubble

I am a terrible market timer and a horrible short term trader. I own gold, I have hedged some of my gold. I expect that if gold gets on one thousand dollars an ounce, I hope I am smart enough to buy a lot of gold because in the end, this is all going to end in huge mess and in a bubble for gold. My price to remove my edges and to buy a lot more gold is under one thousand. (Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD))

Gold: Interested If It Drops Below A Thousand (SPDR Gold Trust ETF (GLD))

I have not bought any gold for many years now and I am not a buyer of gold at these prices right now. I hedged my gold and if gold drops below a thousand dollars per ounce I may buy a lot more. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Gold Miners ETF(NYSE:GDX), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX))

Views On Gold

I expect gold to be down more in the next year or two partially because the U.S. Dollar will be strong.  (Market Vectors Gold Miners ETF (GDX), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining (NEM), Barrick Gold (ABX), Novagold (NG))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Not Buying Precious Metals Until They Break Lower

 I am not buying precious metals (SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)) until there is another break lower in prices.

Related stocks and ETFs: Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Gold: This Is Not The End Of The Correction

I am not buying gold right now. Gold has rallied four times over the past 3 years, by around fifteen to twenty percent. I am not adding to gold on this run.

Gold bulls will say that the worst is now over but in my view this is not the end of the correction. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Markets: Junk Bonds, Gold

I am short junk bonds in the United States. I am not adding at the moment. But if the opportunity arises, if junk bonds go up a fair amount I know I will add to that position. And if gold collapses I will add to that position. (SPDR Barclays Capital High Yield Bond ETF (JNK), iShares iBoxx $ High Yid Corp Bond (ETF) (HYG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Gold: Not Buying Right Now

I am not buying gold at the moment. I am waiting for another opportunity to buy gold, it may not happen, it certainly may not happen. But I own plenty of gold. I am looking for a new opportunity, let`s say the central bankers save us for a while, that the markets go up  for a while, often gold will go down in a scenario like that. That would be an opportunity to buy gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Commodity Producers: The Cure For Low Prices Is Low Prices

The market is doing what it is supposed to do. You know, making supply go down. The cure for low prices is low prices.When you have low prices, production declines, exploration declines and it is happening.

This is going to be good for the producers, not at the moment, certainly in the next couple of years the producers are going to turn around and go up a lot.

Related: Energy Select Sector SPDR ETF (XLE), Market Vectors Gold Miners ETF (GDX), Exxon Mobil (XOM), Chevron (CVX), Newmont Mining (NEM), Barrick Gold (ABX)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

A Crisis Would Be Bullish For Gold

Low prices for many people will be crisis. If the price of gold goes to 900 dollars / ounce a lot of people will see it as a crisis because a lot of people believe that gold is holy and it can never go down. That would be a crisis in price.

Certainly if war breaks out in the world that will make gold go up, it will make crude oil go up. Everything will go up, oil, agriculture, gold. Yes, a crisis would be bullish for gold as low prices would be good for gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Gold Will Probably Go Under 1,000 USD/Ounce

I have been negative on Gold. I own Gold but I have hedged my Gold. I haven`t bought Gold for about 5 years now. I expect another opportunity to buy Gold. It probably will go under 1,000 dollars an ounce and if that happens I hope I am smart enough to buy more. (SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Freeport-McMoRan Inc (NYSE:FCX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Precious Metals: Where I Might Start Buying

At 900 dollars an ounce for Gold and in Silver around 11 or 10 dollars. I do not even know if they are going to get there, but if they do, that would be where I would be interested in buying. (Regarding Gold), I might even start buying before at 950 dollars per ounce.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Gold Will Get Slammed Too

Jim Rogers shares his views on Gold and why it will probably be sold too due to margin calls and excessive debt.

Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Podcast: Gold Mystics Need To Be Washed Out

Jim Rogers explains under which conditions the gold market may hit a bottom in price and turn around.

Trading tickers: Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), SPDR Gold Trust ETF (GLD), Newmont Mining (NEM)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.