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.
Gold is overdue for a correction. I own gold and I’m not selling my gold. Gold has been up 11 years in a row, that’s extremely unusual for any asset. 11 years in a row, without a single down year, so somewhere along the line, gold is going to have a correction.
It’s been correcting for three months now, and it wouldn’t surprise me if went on for a while. It’s normal, it would be good for the gold market.
Anything that goes up 11 years in a row has to worry people. – in Business Insider
Related ETFs and stocks, SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Novagold (NG), AngloGold (AU), Hecla Mining (HL)
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.