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%.
Weighing on prices was further evidence of higher output from mines and smelters after data showed LME copper inventories rose.
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