Jim Rogers , author of Street Smarts: Adventures on the Road and in the Markets and the chairman of investment group Rogers Holdings agrees the slide in commodity prices is temporary.
“Commodities have pulled back but I would remind you that in all bull markets there are periods of correction. In 1987, during the great bull market in stocks, stocks went down 40 to 80 per cent around the world, again in 1989, 1990, 1994, etc, ‘’ he said in an interview with Lang & O’Leary Exchange.
“Every time people said the bull market’s over, but it wasn’t. I think that’s what ‘s happening with commodities now.” in CBC
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%.