Business news without the bullshit

Into 2015: A look at commodities

Down, but not out ( for the long run)

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

"Mr. Commodities" speaks

Jim Rogers is calling for a further correction in the gold price.

Of course we made the same call nearly TWO YEARS ago.

Rogers' point is well taken though: Gold has gone straight up for nearly twenty years. That's not normal or sustainable in any market. ("No tree grows to the sky.")

So how far will gold go down?

I wish I knew.

$1200 is one support and the price is wobbling around that now (12/27)

If it doesn't form a base at this price, it has the potential to go a lot further down before it bottoms out.

I'm waiting and watching.