Crude Oil Market Building a Bottom

Jim Rogers and Charles Hughes Smith Goldseek Radio 03 Feb 2017







 Jim Rogers rejoins the show from his Singapore office with his latest market commentary.
    The crude oil market appears to be building a bottom - he expects the low to emerge this year representing a buying opportunity.
    Jim Rogers finds value opportunities in the base metals and other commodities sectors.
    While the US equities markets rally is impressive, our guest points to financial history, noting that 3 rate hikes spells trouble for equities.
    Given investor's distaste for US Treasuries in recent months, the go-to asset class could be come cash, Greenbacks, US dollars.
    The US dollar registered a convincing technical bottom in the weekly chart last week, suggesting that the uptrend could resume in the dollar bull ETF (UUP).
    Jim Rogers is concerned by comments from the new Administration suggesting the potential for trade wars, typically ending with few winners.
    The discussion includes the pressing issue of financial safe havens.
    The PMs gold / silver backed cryptocurrencies such as SilverBit / GoldBit offer some of the benefits of both currencies in one instrument.















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%.