The fundamentals for commodities are getting better - Jim Rogers

Jim Rogers : ...what's happening with commodities is actually very bullish for commodities , all the things that are going on , yes we're having a period of forced liquidation , I repeat people are forced to sell everything no matter what the fundamentals , in times like this it does not matter if you lose your line of credit or you get redemption or you have a margin call you have to sell no matter how good things are , this is all very good for commodities because now people can get loans to open mines you know how can we have anymore supply , farmers cannot even get loans astonishing farmers cannot get loans to even produce much less increase production , so all of this means that the supply of everything is going to continue to decline and when we come out of this commodities are going to be even a better place , commodity pool market is not over , I mean prices are down but the fundamental situation is not changing at all except for the better , we're having decreases in demand right now but that's the business cycle thing , secularly long term the supply is getting worse and the fundamentals for commodities are getting better




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%.