Well, I dont think Jim Rogers trades/invests based on Guesses (Tukka Maaru). He puts in money for long term (It can be either on longside or shortside). One of the few guys who can understand the sentiments of the market. The rally that we have seen might be a suckers rally. As long as you trade it, its fine, you are trading in the direction of the trend, right now it is up, thanks to the Fed
. The major resistance we now need to watch now in gold is 1760-1780 and 1820.
I think what Jim Rogers meant is, he doesnt like to buy anything which is going up, he said he didnt sell his Gold at 1920, or not selling when its coming down also, but he would add/buy if it comes to 1200-1300. I guess still as a portfolio he has done good, long all commodities (all commodities have done well in 1 month), he is long EU (EU rallied from 1.26 to 1.32), long oil, oil is refusing to correct. Coming to his shorts, he is short emerging markets ETF, Nasdaq, I think overall he should be doing ok (GREAT!!).
Cheers!!