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, October 6, 2011

I am short European stocks

Jim Rogers : I am thinking about buying agriculture as we speak. I own commodities. I am not selling any commodity. I have so short emerging markets and European stocks and American technology stocks, but I mainly long commodities and currencies. I would not sell commodities and if you need protection in your portfolio, I would think about buying commodities and you might even buy agriculture today or I might buy agriculture today. - in ET Now

This Correction in Commodities has been a surprise

Jim Rogers : Given that stock markets around the world are collapsing is not such a surprise, but to answer your question, no I certainly did not expect it to be this hard, this fast with commodities coming down, absolutely not. - in ET Now

I am not buying base metals , gold or oil right now

Jim Rogers : It will come in the commodities, probably agriculture will be bought first. I am thinking about buying agriculture right now. I am not thinking about buying base metals or gold or oil right now, but I am thinking of buying agriculture maybe this afternoon. Elsewhere the man who come first probably precious metals, second then the rest of the commodities. - in ET Now

Outlook for Crude Oil

Jim Rogers : Known reserves of crude continue to decline. We have serious problems facing us in a few years with crude oil. The surprise would be how high the price stays and how high gold is, eventually.
If the UK certainly goes bankrupt, there is some big shock to the system. Of course everything is going to go down for a while. That seems to be what is happening right now, but when they go down, you should prepare yourself to buy more because when markets snap back, the first things to snap back would be things like oil, gold and commodities.- in ET Now
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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