Gold Price Should be $2,000, Says Rogers

[Lumi]

Gold Price Should be $2,000, Says Rogers

[FONT=Times New Roman, Times, serif]GoldAlert.com[/FONT]

​

[FONT=Times New Roman, Times, serif]GOLD PRICE NEWS ? The gold price hovered near unchanged at $1,379 per ounce after dropping 1% yesterday amid strength in the U.S. dollar. The price of gold continues to consolidate below $1,400 per ounce. Rising Treasury yields have weighed on the gold price in recent days as, despite remaining at extremely low nominal levels, higher interest rates are presenting a minor headwind to precious metals. Silver gained $0.20 to $29.00 Thursday morning after sliding 1.4% yesterday.[/FONT]
​

[FONT=Times New Roman, Times, serif]Investments tied to the gold price have retreated in recent days, with the SPDR Gold Trust (GLD) falling 1.0% this week and the AMEX Gold Bugs Index (HUI) declining 4% off its high of last week. Notable decliners in the gold space yesterday included AngloGold Ashanti (AU), Yamana Gold (AUY), and Newmont Mining (NEM). Shares of AU, AUY, and NEM finished lower by 2.6%, 2.0%, and 1.9%, respectively.[/FONT]

[FONT=Times New Roman, Times, serif]Despite the recent weakness, gold mining companies have been one of the strongest sub-sectors of the market in 2010. Record gold prices have led to stronger earnings and cash is building on gold miners? balance sheets. Agnico-Eagle Mines (AEM) is the latest gold producer to boost its dividend, raising the annual payout to shareholders from $0.16 to $0.64.[/FONT]

[FONT=Times New Roman, Times, serif]The yellow metal remains higher by 26.1% year-to-date and is on track for its tenth straight annual gain. Legendary investor Jim Rogers presented his latest gold price outlook in an interview with TheStreet.com. Rogers reiterated his forecast for a $2,000 gold price this decade, but refused to provide a more precise timeframe.[/FONT]

[FONT=Times New Roman, Times, serif][FONT=Arial, Helvetica, sans-serif]Read the rest of the article at GoldAlert.com[/FONT][/FONT]

:0003​

[FONT=Times New Roman, Times, serif]December 18, 2010[/FONT]​

 

[Duff Miver]

Legendary investor Jim Rogers

:mj07: :mj07: :mj07: :mj07: :mj07: :mj07: :mj07:

You'll get better advise from an Ouija board. He's just another Harry Browne clone.

You should have followed Harry's advise and loaded up back in 1980.
:mj07: :mj07: :mj07: :mj07: :mj07: :mj07: :mj07: :mj07:

Sell now and take your profit or watch gold prices flush down the crapper as interest rates rise.

Your money, your choice.

 

[Lumi]

I forgot that you are a guru of ALL THINGS

Who do you follow ? Kramer?

My portfolio is doing just fine.

 

[Duff Miver]

I forgot that you are a guru of ALL THINGS

Your loss.

Who do you follow ? Kramer?

Kramer? LOL! He's about as bright as SayRah.

My portfolio is doing just fine.

Okay. Hang on to your gold, silver and oil. I'll hang on to my GNMA bonds, and I'll check back with you in a year.

.....