Wednesday, April 19, 2006

Gold to set course for $US1000

By Jeremy Naylor and James Poole in Singapore

JIM ROGERS, the former George Soros partner who foresaw the start of a commodity rally in 1999, says the boom in energy and raw material prices will endure, driving gold to a record $US1000 an ounce.

"The shortest bull market for commodities lasted 15 years, the longest 23 years," Mr Rogers, 63, said in Singapore on Monday. So if history is any guide, "they've got a long way to go".


Printed in SMH by Bloomberg


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