I saw an interview today where Jim Rogers took the position that gold is in the midst of a complicated bottoming process that will probably take it down to somewhere between $900 and $1,000. Maybe he's right. At the same time, he is not selling and thinks that gold's bull market is far from over.
I contrast his view with others who think gold is headed lower, whether it's $900, $800 or $600 per ounce, but take that position on the premise that gold holds no merit. Rogers is able to contextualize and seems to get the bigger trends right -- these folks just don't like gold. And, unlike Rogers, should probably just be ignored.
