January 14, 2011

Gold Is Overdue For A Correction

Gold is “overdue for a rest” and probably will fall after a decade of gains that sent prices to a record, said Jim Rogers, the chairman of Rogers Holdings who predicted the start of the global commodities rally in 1999, "While gold may go down for awhile, the metal is going to go over $2,000 in this decade." - in Bloomberg

Related: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX) , Newmont Mining Corporation (NYSE:NEM) , AngloGold Ashanti Limited (ADR) (NYSE:AU) , NovaGold Resources Inc. (USA) (AMEX:NG), New Gold Inc. (USA) (AMEX:NGD)

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.