Q: What about other commodities?
Jim Rogers : I would probably start to buy oil in a small way, energy in a small way. I think it may be at the bottom, but since I don’t have much confidence in my convictions right now, I want to see more. There is a lot of bad news that keeps coming out about energy and yet the prices don’t go down. Historically, I have noticed that if something is going up and good news comes out and it doesn’t keep going up it usually means the top is being set. Likewise if something is going down, and bad news comes out and it doesn’t continue to go down, it usually means we are making a bottom, so I suspect that energy is making a bottom.- in Barron's
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%.