, Jim Rogers Blog: July 2014

Sunday, July 20, 2014

US Economy is No Longer Producing


Jim Rogers - US Economy is no longer producing - There are no more farmers just Wall Street.

Friday, July 18, 2014

Jim Rogers on China's Future & Tim Duy Talks US Growth, Jobs, & Unemployment


We spoke with Jim Rogers on changes taking place in the United States and around the world. As has been said repeatedly, the only constant in life is change...

- Source, Russia Today

Wednesday, July 16, 2014

China to be Most Important Country in 21st Century


Jim Rogers appears on Russia Today where he discusses the importance of China going forward in the 21st Century. He believes that the future is in the East.

Monday, July 14, 2014

Jim Rogers Interview on Commodities, Global Stocks


Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy for global stocks and commodities. Gold advanced, approaching a record, as tensions in the Middle East boosted oil prices, increasing demand for precious metals as a protector of wealth and hedge against inflation. Rogers also discusses his strategy for the U.S. dollar. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television's "On the Move Asia."

Saturday, July 12, 2014

Supercycle to Last 2-5 Years, Gold To Go Much Higher

by Eddie van der Walt

Jim Rogers believes the commodities supercycle may have another two to five years before the bubble bursts, he told The Bullion Desk, adding that he is still bullish on gold and awaiting further buying opportunities.

“Commodities will end in a bubble by the end of the bull market, whenever that is – whether that is in two years’ time or five years’ time,” the author and hedge fund manager said. “Bull markets normally end in a bubble and this one may be no different.”

Asked whether he favoured the longer or the shorter ends of his predicted timetable, he said: “I doubt the timeframe is two years; it will probably last longer than that. But no, it is definitely not over, not with all this money printing going on.”

“I don’t think this will last another 10 years – but who knows, governments are still printing money so this could go on much longer than anyone expected,” he added.

The key drivers remain limited supply and loose monetary easing, Rogers said, warning that “we haven’t seen the full effects of quantitative easing yet”.

“There is still staggering amounts money floating around, with huge artificial oceans of excess liquidity – this is the first time in recorded history that all the world’s major central banks simultaneously printed large amounts of money, from the EU, to the UK and the US. This has never happened before, so this is not over yet.”

The US is currently in the process of slowing the rate at which it expands the monetary base. Under its third quantitative easing programme (QE3), it bought $85 billion in bonds per month but it has slowed the pace of its monthly purchases to $35 billion per month.

Still, it has printed more than $4 trillion dollars to boost the US economy since rolling out QE1 late in November 2008.

The UK and Japan have also previously embarked on QE but the EU has not yet done so, recently opting for negative interest rates instead.

There are often periods of consolidation in bull markets and the current run in commodities is no different, Rogers also said.

“I remember between 1982 and the end of the century, in the stocks bull market, we saw several corrections,” he added. “In 1987 stocks were down 40-80 percent worldwide and it took a long time for it to get above pre-correction levels but the bull market was not over. We are seeing the same normal correction happening in commodities now.

Rogers remains bullish on gold in the long term: “I still own gold – though I’m not buying at the moment. But if there is another buying opportunity in the next year or two, I will buy because it will go much, much higher. Gold will be one of the final commodities to end in a bubble in this cycle.”

Gold reached an all-time high of $1,921.12 per ounce in September 2011, having rallied from a base of about $250 at the turn of the millennium. Since reaching these highs, however, it dropped to a low of $1,180 late last year, prompting many to say the bull market was over.

But it has since recovered and was last at $1,322 per ounce, little changed from its overnight close but little more than $10 off recent 14-week highs.

- Source, Bullion Desk

Tuesday, July 8, 2014

Depressed Palladium one of Best Commodity Investments

Jim Rogers, financial guru and founder of Rogers International Commodity Index (RICI), believes the “supercycle” of the commodities market will continue to push ahead, while “depressed” palladium remains one of the best investment picks in the sector.

Speaking in an exclusive interview with the Bullion Desk late last week, Rogers discussed how most bull markets come with stages of consolidation and hindrances and the commodity market is really no different. Rogers noted that there have been corrections in equities between years 1982 and 2000 and there are parallels between the stock market then and the commodity market now.

“In 1987 stocks were down 40-80 percent worldwide and it took a long time for it to get above pre-correction levels but the bull market was not over,” said Rogers. “We are seeing the same normal correction happening in commodities now. But we have not seen enough supply come on stream yet in any commodities sector, except maybe iron ore or something like that, to bring supply and demand back in balance.”

Despite these points, Rogers still refuses to call a top in the commodity market. In fact, the bestselling author of “Hot Commodities” believescommodity prices will continue to rise in the months to come. However, investors should be cautious because commodities could possibly conclude in a bubble by the end of the bull market, which normally happens.

Nevertheless, the persistence of money printing by central banks all over the world will continue to assist in this market to soar. “Governments are still printing money and this has gone on for much longer than anyone expected, which could help fuel the commodities boom,” averred Rogers.

Agriculture is the best commodities pick to make and palladium is also another great investment to make since it’s in a “depressed” state right now, Rogers said. At the time of this writing, palladium is trading at just under $850. Over the past year, palladium has remained steady and has increase by approximately $100 in value.

Palladium prices have hit their highest levels since 2001 because of the mining strikes in South Africa, which commenced in January and have now become the longest running strikes in the nation’s history. Also, the strife in Russia is causing palladium prices to soar as well as the inventory deficits of palladium.

It is estimated that there will be a deficit of 1.6 million ounces this year, a number that was put forward even prior to the South African strikes. Demand persists for palladium because it is tied to the auto sector and production for gasoline engines.



Tuesday, July 1, 2014

London Real - Follow the Money with Jim Rogers


When Jim Rogers shows up with that Southern drawl and Seersucker suit, you know some Investing science is about to be dropped on your dome.

Jim Rogers has been there and done that. He co-founded the Quantum Fund with George Soros in 1973 which later became one of the most successful funds ever created returning over $32 Billion to its investors over the decades.

Retiring from Wall Street at age 37, he rode his motorcycle across China from 1990-1992 before ANYONE was talking about China and wrote the bestselling book "Investment Biker" describing his journey. He is legit, I remember the Wall Street traders talking Jim up when I started my career at Bankers Trust in 1993.

Since then he's circumnavigated the globe AGAIN and become very bullish on agriculture, commodities, China, Russian, and, wait for it, North Korea! Jim likes to look at his investments on a very long time horizon. As he tells me on the show, "no matter what you think is true today it's not going to be the case in 15 years."


- Source, The London Real


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