Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Thursday, February 3, 2011

Sugar prices soared to a 30-year high on supply concerns

Sugar Prices Sweeten to Record High Following Queensland Cyc
"Sugar prices soared to a 30-year high on supply concerns following the massive cyclone that hit northern Queensland at midnight on Wednesday. Front month March futures on New York's ICE exchange climbed to a high of $34.79 a pound, figures not seen since the early 1980s. In London, March white sugar was close to a recent record of $834.70 per ton. One London trader said, ""Thirty-five cents is an important price as there's a lot of open interest in the options market--about 25,000 lots of call options. There are even technical projections of a move toward 37.32 centslb if we can hold these gains."" Raw sugar futures in New York may continue to rise on concerns about already-strained supplies due to three consecutive seasons of deficit exacerbated by recent flooding in the Queensland region and now further drained by Cyclone Yasi damages. Australia is the third-largest sugar exporter after Brazil and Thailand with 7% of global exports. The region threatened by the cyclone produces about one third of Australia's sugar."

Jim Rogers : I am investing in currencies and commodities rather than stocks

More Social Unrest, Currencies Turmoil: Jim Rogers on CNBC 04 Feb 2011

Jim Rogers :."....Jeff I do not know very many equities , have not bought any equities for a while because I do not know what's gonna happen with the world economy but I expect more currency turmoil more social unrest more governments collapsing , so I am investing in currencies and commodities rather than stocks..." " Jeff I have been explaining to you and everybody else at CNBC for a year and half or two now that food prices are going to go through the roof they are gonna explode , it's happening , I still would buy agricultural products we have serious shortages of everything developing including shortages of farmers this is a serious thing which is going to last for a long time it is going to cost more upheaval in the world and it's be an investment opportunity ...."



Feb. 3 2011 | More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC Thursday.

Jim Rogers : Agricultural prices are massively depressed

Jim Rogers : .Sugar is down 50% from its all time high I would repeat , sugar is 50% below its all time high , you can see how massively depressed agricultural prices are on a historic basis , that's why Indian farmers are committing suicide , and African farmers are giving up , because it is still impossible to make a living someday sugar will go back to the level of its all time high again .sugar made its all time high in 1974 that was 37 years ago there is very little in the world that is 50% below its price in 1974 but sugar is one of them that's one of the reasons I am more optimistic about agriculture than about other things ..," in a similar tone Jim Rogers had this to say about Sugar in a BBC interview :".... the only commodity I know which is making an all time high is gold. Some commodities are up, yes. Sugar is up a lot, but Justin, sugar is still 50% below its all time high. How can you say that's bolted? Silver is going up, but silver is 40% below its all time high. Yes, commodities have been going up recently, but they are still extremely depressed on a historic basis......"


Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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