Jim Rogers : Well, I have hedged my gold and silver holdings. I expect gold to go under $1,000 an ounce. What does that mean for silver — $12 or $10 an ounce — I haven’t figured it out.
But certainly under a $1,000 for gold at which point I hope I am smart enough to take my hedges off and buy a lot of gold — whether its $950 or $900, I don’t know.
Base metals seem to be making a complicated bottom as do oil prices. They have been beaten down.
There’s a lot of bad news. They don’t collapse anymore, which usually means we are in the process of making a complicated bottom that I suspect will happen the final bottom in 2016 if it hasn’t already happened. - in thehindubusinessline.com
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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