"This may be the correction gold needs," Jim Rogers says, but it hasn't dropped enough yet for...

|By:, SA News Editor

"This may be the correction gold needs," Jim Rogers says, but it hasn't dropped enough yet for him to be a buyer. Rogers sees four factors behind gold's selloff: India hiked its gold import tax rate by 50% to 6% at the start of the year, curbing demand; Cyprus possibly needing to sell gold to pay its debts; chart analysis; and Bitcoin's collapse, "since most of them also own gold."