Robert Williams: Jim, talk about another hated market. The junior miners on the Toronto exchange are down as much as 80%. Might this market also represent an opportunity?
Jim Rogers: Well, it’s a place to be looking around. I am not buying precious metals at the moment. I’d rather buy base metals, actually, at the moment than precious metals. But it’s – if you can find ones that have good management with good reserves, good assets, and aren’t over-leveraged, I’m sure there are gonna be great opportunities there. I’m not buying precious metals yet. But, sure, anything like that that’s down 80% – it’s not going to go away. You know there are gonna be great pickings there if you can figure out which ones.
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%.
Learn to short and Jim has commented. Reading him is maybe a art. He hints but cannot come out because he is Mr. Jim
ReplyDeleteInvest in what you know and the obvious. Up or down. Run with the flow/ Jim speaks in phases of what is to cum. We need to see the big picture and pounce only on the obvious.Oil is one now that all comments say negative So ask yourself do I know enough to short.
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