Rogers: Correction May Take Gold below $1,200

“Legendary investor Jim Rogers remains a long-term bull on gold, but thinks the precious metal’s correction may still have a long way to go.

At around $1,600 an ounce, gold is down about 17 percent from last year’s record peak of $1,924.

Gold has been in a bull market for the past 11 years, and Rogers, who has owned it for longer than that period, tells Oilprice.com, “I don’t know of any asset in history that’s gone up 11 years in a row without a correction.”

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