Rogers says he prefers silver to gold, perhaps because silver is down 60 percent from its record high, while gold is down only about 35 percent from its peak.
Gold is “overdue for a rally after its 28 percent drop in 2013. Everybody got negative, everybody got short. So, we are going to have a rally.”
But he’s not purchasing either at the moment.
“I won’t buy just because they are down,” Rogers said.
“There are huge shorts that have developed in precious metals,” Rogers explains, according to The Economic Times of India.
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