“I hope I am smart enough to buy more if Gold (& Silver) goes down low enough.”
interviewed on May 29th by the Economic Times arm of the Times of India, Rogers started out the interview by saying he thought the Gold price correction likely to continue, and that it may touch a new bottom.
“A correction in precious metals was long overdue, Gold was up 12 years in a row, which is extremely unusual for any asset. I don’t know about any asset in history which was moving up for 12 years without a declining year. So gold was overdue for a correction. Normally things correct 30-40% every year or two. So, the anomaly in gold was the price action for 12 years.
Now hopefully we are having a long overdue and necessary correction. It may take a bit longer for gold to make a new bottom or sound bottom, and then the bull market will continue.”
Rogers also comments on his positions in Oil, Natural Gas and World Wide Stock Markets in this interview which you can read in it’s entirety HERE