Why is gold crashing? Commodities guru on 4 key factors behind the selloff
Tuesday, April 16, 2013 1:58
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Gold, which tumbled into a bear market last week, is in need of a correction, according to commodities guru Jim Rogers, who said that he’s not buying the commodity yet as it hasn’t dropped enough.
“This may be the correction that gold needs,” said Rogers, chairman of Rogers Holdings, while reiterating a forecast that bullion will go higher over the next decade. “If it goes down enough, I will start buying it,” Rogers told reporters in Singapore Monday, without identifying a level.
