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%.

Friday, November 28, 2014

Jim Rogers: I have no idea where Oil Prices are headed



ET Now: Where do you see the crude oil prices headed? Is the US shale boom expected to continue into the next year?


Jim Rogers: I have no idea where oil prices are headed. The shale boom will not continue very strongly. Prices will come down because that is high-cost oil. Also remember, those are very short-lived wells. Those wells run down, the production runs down very quickly with those wells. There is a possibility of running up a big debt. So, do not count on shale coming on strong if prices stay weak





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%.
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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