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Commodities Briefing - Categorized | Bullion/Gold, Investment, People more

Commodity gurus are just waiting to jump back into gold

Posted on 26 April 2013

Jim Rogers, who predicted a commodity rally in 1999, said he’s ready to buy gold when it hits bottom, but with prices still climbing after 9 days he may have missed it. Jim Rogers, who predicted a commodity rally in 1999, said he may buy gold if a bear market deepens and prices fall to $1,300 an ounce or below.
Bullion for immediate delivery tumbled to $1,321.95 on April 16, the lowest since January 2011, stoking a frenzy among coin and jewelry buyers from the U.S. to India and Australia. Rogers, the chairman of Singapore-based Rogers Holdings, hasn’t bought any bullion after the slump, he said in an interview………………………………………..Full Article: Source


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