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Old 07-15-2013, 09:49 PM   #1
Fly on the wall
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Jim Rogers - Gold (Silver Price Etc) Will Keep Falling Into 2014 - 2015, Has NOT Hit Bottom!

Jim Rogers - Gold (Silver Price Etc) Will Keep Falling Into 2014 - 2015, Has NOT Hit Bottom!

how low do you think it will go?

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Old 07-18-2013, 06:37 AM   #2
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I kinda buy the argument that as gold has been bullish for twelve straight years, the price correction won’t be done and over within a year. Won’t be surprised if gold continues the decline well into 2015. Keep stacking while you can
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Old 07-18-2013, 08:29 AM   #3
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The correction has been going on for 2 years. Jim isn't a trader. Indicators are simply too stretch on a daily, weekly and monthly basis for us not to get a snap back. Markets don't work like that.
"A little more persistence, a little more effort, and what seemed hopeless failure may turn to glorious success.: - Elbert Hubbard
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Old 07-19-2013, 02:27 AM   #4
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There is absolutely NO reason for PMs to go much lower and lots of reasons for them to go up. Does that mean they will not go lower? No. Does that mean they will go up? No.

All that means is that until there is some FUNDAMENTAL change (like they stop the printing presses) we are treading water near A bottom. Look for $1500 gold late this year or early next year. Likewise there is no reason for gold to go above $1525 anytime for the next several months and/or, possibly, though not likely, years.

Gold is going to go sideways now for months between its current lows and $1525. Once it breaks out of the sideways movements, look for another SHARP move up OR down depending on current circumstances.

Bottom line? Welcome to stackers heaven. Get your insurance while it is cheap.
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If you keep doing what you are doing, You will keep getting what you are getting.
If you don't like what you are getting, You must change what you are doing.

GOLD is the money of KINGS.
SILVER is the money of GENTLEMEN.
BARTER is the money of PEASANTS.
DEBT is the money of SLAVES.
- Norm Franz
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Old 07-19-2013, 07:12 AM   #5
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"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."

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