Jim Rogers On What’s Happening With Commodities, Gold

Investor, financial commentator, and author Jim Rogers recently appeared on the Yahoo! Finance show The Daily Ticker. The former investing partner of George Soros was asked by host Lauren Lyster if the commodities supercycle was ending. Rogers, who correctly-called the commodity bull market that started in 1999, told viewers:

In all bull markets, there are big corrections. In the stock bull market between ’82 and 2000. In 1987, stocks went down 40 to 80 percent- and people said it’s finished. 1989, 1990, 1994- there were many times when stocks scared the socks off of people but it wasn’t the end of the bull market. Now, in my view, that’s what’s happening here with commodities…

I still don’t see massive new supply coming into the markets which can keep prices down.

The Singapore-based investor correctly-predicted some time ago that gold was due for a significant correction. He explained:

Gold was up 12 years in a row without a down year. That’s extremely unusual. The unusual thing about the gold market is how strong it had been and it hadn’t had a correction. Now it’s having a correction. It’s long overdue. I hope a proper correction. And if it goes down, I hope I’m smart enough to buy more.

Lyster prodded Rogers for a price level at which he might be tempted to acquire more of the precious metal. Rogers replied:

I don’t know. $1,300 I would probably buy some more. $1,200 I’d buy a little bit more still. $1,100- it just depends on what’s going on in the world and how it’s acting.

You can view Rogers’ exchange with Lyster about commodities here, and gold here, on the Yahoo! Finance website.

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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