Silver, when to sell: Jim Rogers says all parabolic moves end badly, gold & silver not yet in a bubble - td
(What does he know that we don’t What makes ten years so significant?)
Rogers Holdings, Jim Rogers warned that if silver continues to go up like it has been over the past 2 or 3 weeks and reaches triple digits in 2011, he will probably start to think about selling because then ‘you’ve got a bubble’.
(Incidentally, Rogers’ two children speak Mandarin Chinese).
Speaking to Financial Survival Radio, Rogers said: ” My hope is, silver and gold and all commodities will continue to go up in an orderly way for another ten years or so, and eventually the prices will be very, very high”.
“I hope something stops it going up in the foreseeable future and we have a correction,” he added.
Explaining his wish, Rogers warned that “a parabolic move and all parabolic moves end badly”.
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