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News Link • Precious Metals

Jim Rogers: The gold selloff is not over yet

Gold has been down 10% in the past week and is at an eight-week low today. Given this, what is your outlook for gold prices? And do you see gold near $2,000 per ounce in the near- to medium-term?

We have discussed before that gold has been up 10 years in a row, which is very unusual in any asset class. So if it is up this year or 11 years in a row, gold is overdue for a correction and could have a substantial correction, given that it has been so strong.

I have no idea what is going to happen this year. I doubt if it will go to $2,000 an ounce in 2011. It is more likely to...

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