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%.
Tuesday, January 3, 2012
I dont pay attention to Charts
Jim Rogers : Well, see you know all of these things about charts. I don’t know all this stuff. I don’t pay attention to them. But it certainly scared them in the 1970’s when gold went down 50 per cent, I guess it broke all the charts and scared everybody and they sold out. All it would mean is that some speculators were dumping their gold or losing their faith. Right now we’ve got a lot of correction in the commodities markets because MF Global went bankrupt and there’s a lot of forced, artificial liquidation but liquidation is liquidation whether it’s artificial or not. And that’s what happening. If gold went to $1200, it might just mean that – that there was forced selling. - in The Street
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 "