Thread: Economics Calling all gold bugs...
View Single Post
Old 04-20-2013, 02:22 AM   #64
BucEyedPea BucEyedPea is offline
BucsPatsNoles
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $70063
Jim Rogers is prepared for gold dropping more.

Rogers cites four key forces fueling the current gold sell-off:

•India raised its gold import tax from 4% to 6%, which has limited the demand for gold in the world's largest market for the metal.
•Technical analysts and chartists have been arguing that prices would fall.
•The collapse of the Bitcoin over the past two weeks coincides with many of the digital currency's owners also owning gold.
•Finally, Rogers believes Germany's demand that Cyprus sell part of its holdings in gold to alleviate debt concerns added to the sell-off.


http://moneymorning.com/2013/04/17/j...-of-the-story/
__________________
Posts: 105,386
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote