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%.

Friday, June 28, 2013

Jim Rogers : I suggest buying into Crude if prices fall sharply


 Among commodities, gold and crude oil have seen a massive slide since the past few months. Have we hit bottom or is there more on offer over the next few months? What about base metals / industrial metals?

Jim Rogers : A correction in precious metals was long overdue. Gold has seen a steady rise for 12 years in a row, which is extremely unusual for any asset. Hopefully, now we are witnessing a long overdue and necessary correction in the yellow metal. I expect the gold prices to trend down further and then stage a recovery although there could be a good trading rally first.

I own both gold and silver and I am neither selling nor buying these two precious metals at current levels. Though I am not investing in yet, I may do so at lower levels. There are limited crude oil reserves and the demand, too, has been slowing down. I suggest buying into crude if prices fall sharply. As regards metals, I think one can start looking at those that have seen a massive drop from the top such as nickel and lead. - in business-standard



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%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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