Interest ratesRather than selling his gold, Rogers said he would take some short positions as a hedge against his holdings. “The dollar hasn’t done that, and often in history, when the dollar goes up, gold is weak.” Bloomberg “I can’t get too optimistic about something that’s been going straight up,” Rogers said, referring to gold. “Gold has been staggering this year, went straight up, and I don’t like to buy anything that’s run straight up,” Rogers said. Gold prices are due for a drop, says Jim RogersSingapore: While analysts and traders from New York to London bet that gold will go higher, veteran investor Jim Rogers would rather seek haven in the dollar as the UK’s vote to leave the European Union (EU) roils global markets.

Source: Mint June 27, 2016 10:07 UTC