| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Jim Rogers: Gold: A 50 Percent Retracement Is Not Unusual
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
The latest from Jim Rogers, author of A Gift to My Children: A Father’s Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market.
“If it gets to $1,200, I hope that I’m smart enough to buy even more. If it gets to $1,100, I hope I’m smart enough to buy even more. Speak to the chartists…the technicians…and look at the retracements, or whatever they call them. A 50 percent retracement is not unusual. A 60 percent retracement is not unusual. You can do the same math that I can. You can figure out what a 40 percent, 50 percent or 60 percent retracement would mean for someone.” – in Money Australia
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD)
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.
via jimrogers-investments.blogspot.com
2013-04-28 07:02:31
Source: http://silveristhenew.com/2013/04/27/gold-a-50-percent-retracement-is-not-unusual/
Source:
