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.

When Will Gold Make Bottom?

Gold had a huge abnormal run for 12 years in a row and it brought in a lot of people who were mystics almost, who were true believers in gold and until all of those people get washed out, I am afraid gold cannot make a bottom.

Trading Tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF(NYSE: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.