2010-10-18

Gold will rest for some time now, says Jim Rogers

Jim Rogers was interviewed on DAF on the 5th of October (available on YouTube).

The most relevant thing that Jim Rogers states during this interview is his opinion about gold:
"Gold has been going straight up, and most things that go straight up eventually have to rest for a while. So, maybe it will go another few points higher, but I suspect it will rest."
He's still super bullish on most commodities, specially agricultural ones, although his time horizon is always "in the next 20 years". So if you want to follow him, make sure you also agree on the time frame.

Finally, he expects the dollar to rally in the short term, while being very bearish for the long term.


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