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Scary of Gold Forecasts by Jim Rogers, Marc Faber?
• LewRockwell.comThe gold bears are out today as the aired 2010 predictions are being issued by talking heads.
Some pro-gold stars like Mark Faber and Jim Rogers are being interviewed every day and are predicting a dollar rally. That is scary to those that have followed them and is making them emotional.
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This is the end of the year and there isn’t a market for much right now. There is profit taking on gold spreads as taxes on commodity trades as regular income are anticipated to rise meaningfully in the near future.
The ease in the US dollar is being considered as yearend as most predictors are friendly to the dollar short term.
In the grand scheme of things this period is quintessence in its meaningless nature. Stay the course.
Following are the gold-predictions from Jim Rogers, Marc Faber, and Nouriel Roubini:
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1 Comments in Response to Scary of Gold Forecasts by Jim Rogers, Marc Faber?
Neither Jim Rogers nor Mark Faber is calling for a significant decline in gold. Indeed, "According to Dr Faber he is buying lots of gold exploration stocks and gold producers because their prices were ridiculously cheap."
And remember, the relationship between the dollar and gold is not set in stone. Over the last few years they have gone opposite of each other, but that is not a guarantee it will happen forever.