Jim Rogers : I hope that silver goes down for a while

Jim Rogers, CEO of Rogers Holdings interviewed by CNBC about commodities. and about the fact that his ex friend George Soros has declared that he is now exiting the Gold and Silver trade "I do know that silver went up 25 percent in a month and that can’t last so that’ll have to come down," "I hope that silver goes down for a while because it was turning into a parabolic move, every parabolic move ends badly, I hope that silver and all commodities continue to go up with normal corrections along the way and in 5 or 10 years, they're going to be unbelievably high prices and then I hope I'm smart enough to sell if the bull market is coming to an end," : "If anything turns into a parabolic move, you have to sell."






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%.