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Tuesday, June 16, 2015
I would be Buying Base Metals, especially Tin, Lead, Zinc, rather than selling them
ET Now: How are you looking at the base metal sector because that has not had any support from China or Europe and sense of economic data, do you see further sluggishness for this sector?
Jim Rogers : By sluggishness if you mean sideways movement, it may have the sideways movement for a while but I would be buying base metals, especially tin, lead, zinc, rather than selling them. - in ET Now
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%.
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You are so right Jim Rogers. The base metals will yield larger return for less of the cost. BOEING made major sales recently. Buyers slipped in before the cost of materials due to future inflation would cause BOEING Aircraft prices to become prohibitive. Like coins... you make your profits before the buy. Buying Boeing Aircraft early before the big crack down was a smart move. Buyers may be using their American Dollar reserves while they are optionally spendable. Back in the 80's brought an array of gold silve palladium from a broker... and took delivery... always take delivery and verify the products. When were the biggest returns... the biggest returns resulted from the sales of silver. Someday the American Dollar may return to the gold standard. The U.S.D. may well be backed by various amiable accepted assets approved perhaps by the internationalist global trade as credits. The larger profit returns will yield from the base metals. Metals and mining stocks are cyclical as one notices the mines shut down when mining is not cost effective. The 13 foot reefs of black anthracite coal on my 29 acres is silent as the world agrees to move forward on renewable energy resources. As before when copper prices spike and the hoards of copper reserves are exhausted by the builders of the world; Copper theft will once again return to haunt utilities companies as they have to fend off the piratical scrappers. Base metals are cheap for now and the world have all these U.S. Dollars to spend while the U.S. Dollar has a superior strength. By Jimmieneee Cricket...good earth, water and Rare Earth Metals are all precious assets. Alabama's Zig Zigler says See You at the top
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