Wednesday, July 17, 2019

Investor Jim Rogers Sees Major Market Problems Brewing, Be Prepared Not Blindsided


The longest bull market in American history will be short lived, as macroeconomic problems will surface soon, said investor Jim Rogers, chairman of Rogers Holdings. 

“Later, this year or next year when the economies around the world are getting bad, Mr. Trump is going to blame everything on the foreigners, the Chinese, the Germans, the Japanese, everybody, and then the trade war will come back and then it’s all over,” Rogers told Kitco News.

- Source, Kitco News

Monday, July 8, 2019

Jim Rogers: Why selling China stocks now would be stupid


Legendary American investor Jim Rogers said he has increased his holdings in some Chinese stocks instead of selling them during turbulence in the Chinese market. He said selling the stocks too early could be a lifelong regret.

- Source, New China TV

Thursday, July 4, 2019

Gold price correction to continue: Jim Rogers

Legendary investor Jim Rogers said Wednesday that he’s waiting out gold’s current correction and that things will likely get worse before another bull run begins.

In an interview with the Economic Times, Rogers put gold’s recent bull run in perspective:

“A correction in precious metals was long overduegold was up 12 years in a row. I don’t know about any asset in history which was moving up for 12 years without a declining year.”

“Normally things correct 30-40% every year or two. So, the anomaly in gold was the price action for 12 years. Now hopefully we are having a long overdue and necessary correction. It may take a bit longer for gold to make a new bottom or sound bottom, and then the bull market will continue.”

Rogers said that he’s unable to predict where the price of bullion will be by year’s end but that if it does fall lower, he hopes that he’ll “be smart enough to buy more – and silver as well.”

- Source, Mining.com

Saturday, June 29, 2019

Jim Rogers: Why I Couldn't Buy Ice Cream in China


Legendary hedge fund investor Jim Rogers recalls trying to buy ice cream in China, but getting denied because he didn't have his phone. He says it's time for Americans to face reality when it comes to China and their technology.

Monday, June 17, 2019

Jim Rogers: California and Massachusetts Are More Communist Than China


Legendary hedge fund investor Jim Rogers says the Chinese are probably the best capitalists right now. 

He says California and Massachusetts are more communist than China. Rogers describes the factors that helped create an economic boom in China.

Wednesday, June 12, 2019

Jim Rogers: US China Trade War will BACKFIRE and HURT AMERICA!


We speak to Jim Rodgers, the author of Author, A Bull in China: Investing Profitably in the World's Greatest Market on the US-China trade war, how Trump’s China strategy is hurting America, how sanctions don’t work and how China will withstand America’s onslaught on its economy.

- Source, RT

Wednesday, June 5, 2019

Financial guru bullish on massive project stifled by North Korea's nuclear crisis

Imagine driving from Tokyo all the way to Paris. It sounds crazy, but that’s just what some of the world’s top international investors say could one day become reality — if the North Korean nuclear crisis ever gets resolved.

President Trump speaks broadly of the “awesome” potential for economic development if North Korean leader Kim Jong-un gives up his nuclear weapons. Although talks have stalled, some big-market players are keen to paint a colorful picture of what “awesome” might look like.

Singapore-based financial guru Jim Rogers is pushing perhaps the most enticing proposal: a vast undersea tunnel hopscotching South Korean and Japanese islands in the Korea Strait, which even at their closest point are nearly 80 miles apart.

Such a project would shatter engineering records and dwarf current record-holders as the world’s man-made subterranean passage — the 3-year-old Gotthard Base Tunnel, which stretches 35.5 miles beneath the Swiss Alps. It would also surpass the 33-mile Seikan Tunnel, which connects the Japanese islands of Honshu and Hokkaido and features a nearly 15-mile section running beneath the seabed.

“Think railways and highways with links going up through North Korea, across Russia and all the way to Paris and Rome,” Mr. Rogers told The Washington Times in a recent interview.

He freely acknowledges the obstacles, both physical and political, to such a route, not least of which is the heavily armed Demilitarized Zone that has blocked the passage of goods, people and everything else between the two Koreas since the early 1950s.

But echoing Mr. Trump, Mr. Rogers speaks openly of the vast economic potential that would be unleashed if the Korean Peninsula is denuclearized and “the problem of the 38th parallel is no longer an issue.”

Tourism and trade could flow freely through such a tunnel, he said, paving the way for the land-based movement of goods between Europe and the farthest, most profitable reaches of East Asia, at speeds far greater than imaginable in today’s world of seafaring cargo ships.

“It could happen in our lifetime,” said Mr. Rogers, 76, an American businessman and heavyweight financial commentator perhaps best known as a co-founder of the Quantum Fund and Soros Fund Management. He spoke at a conference last week in Seoul looking at the economic prospects that a peaceful Korean Peninsula could generate.

“Railroads on the west and east coasts of South Korea are already being built,” he said. “So you could put goods on a train in Japan and make it to Berlin in a matter of three weeks. It’s going to save an enormous amount of time.”

Three weeks is less than half the roughly 50 days it takes today for goods from Japan to make it to Europe by ship, traversing some 13,000 nautical miles through the Indian Ocean, the Suez Canal and the Mediterranean.

Anything is possible. China, for instance, drew global attention last year by inaugurating what is now called “the world’s longest sea bridge,” a 34-mile expanse of bridge and tunnel stretching from Hong Kong to the city of Zhuhai on the Chinese mainland.

Daunting landscape

A South Korea to Japan tunnel would be nearly three times as long and faces a far more daunting political and diplomatic landscape.

After war rhetoric soared in the early months of his administration, President Trump has changed the dynamic of the crisis with his unprecedented face-to-face summit with Mr. Kim that was supported by South Korea.

But an unsuccessful second summit in Vietnam in February and a subsequent round of short-range missile tests by Pyongyang have cast a deep shadow over the talks, even as Mr. Trump insists he remains committed to his diplomatic path.

“The danger of harsh talk slipping suddenly into all-out war is much greater today than it has ever been,” former CIA Director James Woolsey said last week.

“The reason for this is that the speed at which information, misunderstandings and events move in the world of advanced technology is unprecedented,” Mr. Woolsey, who headed the CIA during the Clinton administration from 1993 to 1995 and more recently advised Mr. Trump’s 2016 presidential campaign, told an audience in Seoul.

He spoke at a “Rally for the Peaceful Reunification of Korea.” The event in Seoul was headlined by a speech from Hak Ja Han Moon, widow of Rev. Sun Myung Moon, the leader of the Unification movement founded in 1954, a year after war between North and South Korea was frozen by a U.S.-backed armistice. Rev. Moon was a longtime proponent of the South Korea-Japan tunnel and first broached the idea of a “Great Asian Highway” nearly four decades ago.

In a presentation Friday at an international leadership conference on the sidelines of the reunification rally in Seoul, analysts predicted that a South Korea to Japan tunnel could be completed in as little as 10 years with the right mix of government support and private capital.

Yoshimitsu Nishikawa, a professor at Tokyo University in Japan, noted that others besides Rev. Moon have pushed for the tunnel project and projected that it would cost “approximately $100 billion” to create “a magnificent undersea tunnel connecting the [80 miles] of sea separating Japan and Korea.”

The notion of such a tunnel has been bounced around for more than a century, but it wasn’t until the 1940s that serious planning documents emerged with the idea of a tunnel crossing the Korea Strait, with possible stopping points at Iki and Tsushima — two tiny islands in the strait between the Korean Peninsula and Japan.

The Japanese and South Korean governments — despite a history of prickly bilateral relations on a range of issues — have given the proposal serious review over the past decade, although it has struggled to gain traction given the crisis in North Korea and the international sanctions on its economy.

But Mr. Rogers said the slowdown in diplomacy with North Korea is “a blip that when we look back in 20 years, nobody will even remember.”

“Everyone wants the 38th parallel to come down at this point. China wants it, Russia wants it, North Korea and South Korea want it,” he said, noting that the past year of North-South detente has created a situation in which “the North and the South have started removing lots of land mines and guard posts” that had been permanent fixtures of the Demilitarized Zone for more than five decades.

- Source, Washington Times

Saturday, June 1, 2019

Don't miss the signs like in 2008, bear market is coming, reiterates Jim Rogers

Investment guru Jim Rogers is still not invested in India, as the market was trending upwards till recently. He believes it is about time India opens up all its markets – including currency and agriculture. In a phone conversation from Singapore with ETMarkets.com last week, Rogers, 76, reiterated his fear that a big bear market was in the offing. He warned that the world was missing the small signs, similar to earlier times, and these troubles could snowball into a crisis. 

Edited excerpts:

You had been shorting India in 2015 I believe and you were not invested in India. Since then, have you invested in India of late or what is the case?

I invested in India before Mr Modi was elected and I owned the Indian shares but then, after a few weeks seeing that he did not do much, I sold Indian shares and I have had no position in India since.

What holds you back from investing in India?

Mainly because it is actually going up and I like to buy stocks when they are going down, not when they are going up.

In what scenario would you invest in India? Are you waiting for a correction to invest in India or are you waiting for some policy changes to invest in India?

Well, mainly I am cautious about the stocks all over the world now except for a couple of places, where they are down a lot. If and when stocks all over the world go down or if and when India goes down a lot, then I would certainly re-examine India.

We are in the middle of an election season out here and the results will be out before the end of this month. What could be the best possible election result scenario according to the Indian markets?

I guess the stock market would prefer Mr Modi.

- Source, Economic Times India, read more here

Monday, May 27, 2019

Jim Rogers Warns: Worst Bear Market Is Coming

On a recent call with ETMarkets.com, no-nonsense economic guru Jim Rogers restated his concern that a bear market was on the way, and investors should be on the lookout for small signs to avoid another crisis like 2008.

Although Rogers could not give a timeline for the bear market to arrive, he did say that it will be the “worst in my lifetime,” a prediction he’s stuck by for a while now, and the key to spotting a market correction lies within smaller markets.

ow do you view US stock markets currently?

I am not investing in US stock market because I expect problems to come in the next year or two. I am not buying shares.

In the US market, some of the stocks like Apple and Google go up every day. They never go down, which is a dangerous sign in any stock markets. When you have a few stocks always going up and the movement has been concentrated and that seems to be what is happening in the US stock market.

Any timeline, any horizon that you have for this bear market that you are foreseeing?

No, I will just say it will be the worst in my lifetime. It has been over 10 years since we had a serious bear market in the United States. I would suspect by the end of this year or next year, it will start. These things always start small, where people are not looking and then they work to the major markets, and then you see them on the major news.

In 2007, Iceland went bankrupt but nobody noticed or cared. Then Ireland went bankrupt. Then a few weeks later, Bear Sterns went bankrupt and a few weeks later Northern Rock, the English Bank, went bankrupt. Then eventually Lehman brothers went bankrupt and by then, everybody knew there was a problem. But it had been there for over a year and it has always worked that way. It starts when we are not watching. It has already started. Latvia collapsed. Argentina, Venezuela, Turkey, some banks in India are having problems, Indonesia has started having problems. It has not made to evening news yet.

All these markets are small but until they make it to the big markets, people do not notice.


- Source, Money and Markets, read more here

Friday, May 17, 2019

The Coming Crash, Gold, Bitcoin and Asia, What's Next?


Despite my technical difficulties I had a great interview with Jim Rogers. We talk about the coming crash he sees, gold, bitcoin and more!

- Source, Talk Liberty

Monday, May 13, 2019

Perfect Timing: A Lesson Learned the Hard Way


Jim Rogers talks with Steve Diggle about tripling his money and then giving it all back. The self-described “worst trader in the world” sheds light on how to think independently in order to see the truth.

- Source, Real Vision

Saturday, May 4, 2019

Jim Rogers is the Latest Investing Guru to Launch an ETF to Trade Like Them

Jim Rogers is the latest investing guru to venture away from active management by attaching his name to an exchange-traded fund.

The Rogers AI Global Macro ETF (BIKR) launches Thursday in New York. It’s based on an index that tracks a model Rogers, 75, and his team at Ocean Capital Advisors have created using machine learning to analyze global economic data. The ETF, which primarily follows U.S.-listed single-country ETFs, will rebalance monthly based on that analysis.

“We think it will hit a particular segment of the market that has followed Jim and is interested in following him in an ETF,” said Sam Masucci, founder and CEO of ETF Managers Group, Ocean’s partner in launching the fund.

The fund’s launch follows that of the NYSE Pickens Oil Response ETF (BOON)in February. Noted oil investor T. Boone Pickens’ firm, BP Capital Advisors, and the New York Stock Exchange created the fund to track both producers and consumers of U.S. oil and gas. Pickens, 90, has disclosed his health is declining and announced in January the closure of his hedge fund. BP Capital will still operate its energy-focused mutual funds.

BOON is up 7 percent this quarter.

“If you have the brand that these investors do, you might as well leverage it,” said Matt Markiewicz, former director at BlackRock iShares and director at Innovation Shares, which launched a blockchain ETF this year.

“Half of the ETF game is about marketing and distribution,” he said.

Rogers co-founded the Quantum Fund with George Soros in the 1970s, which in its heyday gave investors massive outperformance versus the S&P 500. Rogers then went on to launch the Rogers International Commodity Index, which is up more than 140 percent from August 1998 to December. He is now chairman at Ocean Capital Advisors.

“The internet and artificial intelligence are changing and have changed everything we know including finance and investing; Ocean’s new ETF is part of the same trend,” Rogers said in a statement. “I hope we get it right. We will all be extremely pleased someday if we do.”

Exchange-traded products track a basket of stocks or assets. The funds trade on exchanges like stocks, and their low fees have drawn investors away from the traditional, typically more expensive route of hiring a money manager to actively pick stocks.

That said, it’s unclear whether strategies well-known investors have used to make a fortune in hard assets such as commodities will translate well to an ETF. Simply having the brand of a well-known investor may also not be enough to attract money in the crowded world of exchange-traded funds.

- Source, CNBC