Sunday, January 4, 2015
I don’t see enough huge permanent supply in most Commodities to end the Bull Market
FM: You still believe we are in the midst of the commodity bull market. How do you see that evolving?
Jim Rogers : I would remind you that in the [equity] bull market from 1982-2000 we had many huge setbacks. In 1987 stocks went down 40% to 80% worldwide; 1989, 1990, 1994, 1997; staggering consolidation and setbacks and every time people though the bull market was over. It wasn’t. It ended in excess and a bubble like most bull markets end. In my view we are having that sort of period in many commodities. Gold, which I am not buying [right now], I suspect will turn into a gigantic bubble before this is over. Many other things as well. And that will be the end of the bull market. I don’t see enough huge permanent supply in most commodities to end the bull market. Look out the window, there is an artificial ocean of liquidity climbing all over the world, rising as we speak. It has never been like this in recorded history where all major central banks are doing it.
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%.
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator