The Prices of Gold & Crude Oil will absolutely move up so much that one will have to sell them

ET Now: If indeed there are these Middle Eastern tensions that come out as well, do you think prices of both gold and crude will go up in the near term?

Jim Rogers: They will absolutely move up. They will certainly move up. They might move up so much that one will have to sell them. They may spike up depending upon what kind of war it is and how the war evolves. If oil goes up to a couple of hundred dollars a barrel on the war, then I would probably have to sell it because it would be a spike and no matter how bad the war is, I do not think it would keep the prices that high. Likewise with gold, if it went up a whole lot, I would have to sell it and it could happen. But at the moment, I am not buying gold or oil in the west. In India, you have a serious problem because of your economy and your currency. You do need to own real assets in India.- in ET Now



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 : 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 : I suggest Buying into Crude Oil 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 rediff




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%.

Outlook for Crude Oil

Jim Rogers : Known reserves of crude continue to decline. We have serious problems facing us in a few years with crude oil. The surprise would be how high the price stays and how high gold is, eventually.
If the UK certainly goes bankrupt, there is some big shock to the system. Of course everything is going to go down for a while. That seems to be what is happening right now, but when they go down, you should prepare yourself to buy more because when markets snap back, the first things to snap back would be things like oil, gold and commodities.- in ET Now

Jim Rogers Crude Oil outlook after the Japan Crisis

Jim Rogers : I have no idea in the near term. I am very bad on short term trading or market timing. I do know that over the next few years, price in crude is going to go much higher. The world is running out of known reserves of crude oil. "
in an interview with ET Now dated 14 Mar 2011

Jim Rogers : Crude Oil Outlook

Jim Rogers : "I notice there are gigantic long positions, speculative long position in crude oil. Whenever that happens, we normally had a correction. I have no idea what cause the correction. Crude oil did go from USD 30 per barrel to USD 80 per barrel almost straight up for a while so wouldn’t surprise if we had a correction. Just given all the huge long positions in crude, I would expect we will see a correction before we see move up to the upside"

Jim Rogers : Silver is Cheaper than Gold

Silver Vs Gold And Oil Vs Natural Gas
"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil. We see more and more speculation in oil and gold. And in these times, it's usually best to step back and let others speculate."

via CNBC

Jim Rogers sees huge long positions in crude.

Jim Rogers Interview with CNBC TV 18 Mar 26, 2010

“I won’t rule out a correction. It could fall to USD 65 a barrel.”said Jim Rogers

"I have been long on dollar since last fall. I am terribly bearish on the dollar long-term but last year there were so many people bearish that I decided to go to the other side. I am long—I do not know how long I would be long on the dollar."

"I notice there are gigantic long positions, speculative long position in crude oil. Whenever that happens, we normally had a correction. I have no idea what cause the correction. Crude oil did go from USD 30 per barrel to USD 80 per barrel almost straight up for a while so wouldn’t surprise if we had a correction. Just given all the huge long positions in crude, I would expect we will see a correction before we see move up to the upside."

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

China vs USA - The Battle for Oil

Today, China is the second largest consumer of oil, just after the United States.

But with one of the highest rates of growth on the planet, its energy needs are increasing seven times faster, while its reserves are depleting.

China is unable to produce the oil it needs today. It has to import half of it. In the next three years this number will increase to two-thirds, if not its whole economy will collapse.

Lacking its own source of oil, China is dependent on the rest of the world.
Hence it's imperative to find new countries to provide it and secure these supplies in an increasingly unstable world.

In this crusade for black gold, China is already in direct conflict with the current greatest consumer of the world's oil: the United States.

Jim Rogers on Crude Oil , Cotton and Other Commodities

"I own crude. I don’t think I would buy it right now. It’s gone up a lot in the last 12 months. I own all commodities. They are the best place to be. If the world economy gets better, commodities are going to lead the way because there are shortages developing in most commodities.

If the world economy does not get better then commodities are good place to be because they are printing so much money all over the world. So I would rather be in commodities, in just about anything. What is this bubble we are talking about? Cotton is 60% below its all time high and silver is 70% below." Jim Rogers told CNBC-TV18 in an interview last Jan 17, 2010