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.

The Central Bankers Are Going To Fail

In the end, the central bankers are going to fail because the market has more money than they do. At some point, the market is going to say, we don’t want any more of your paper.

In the meantime, politicians will say, do not worry, we will save you and there will be some market rallies along the way.

But this time it will be too much, and too late. By 2017 there will be disaster everywhere. (SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM))

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.