I own some Russian stocks. To my astonishment, the main one I own is not even down in all this. I guess it’s because it’s – it sells in dollars. Its expenses are in rubles, and it sells in dollars. So that’s helping it, and that’s – Aeroflot (MCX:AFLT) is another one I own, which is also sort of benefiting these days.
But to answer your question, I don’t have a clue. I do know – I think we all know – that markets go up too far, and they go down too far. Once you start building their momentum, panic develops. People get more and more scared. Marching calls go out. So I have no idea.
As far as I’m concerned, the Central Bank in Russia has been doing the right thing. They said they were not going to intervene anymore. Yesterday, they intervened for the first time in a while. But I think it’s very smart – not intervening. Let it collapse. Let it find its own level. And then we’ll have a staggering rebound.
But who knows? It’s 52 right now. I guess, it’s 52 right now. You’re right. It changes every three minutes. Who knows? Why not 60? In Russia, they talk about 60 as some kind of catastrophic bottom. Who knows? I don’t anyway.
- Source, Investing.com
TRACKING THE COMMODITIES VIGILANTE AND AUTHOR, JIM ROGERS AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Saturday, January 31, 2015
Wednesday, January 28, 2015
Sunday, January 25, 2015
Wednesday, January 21, 2015
Russia’s 2015 economic outlook
Sunday, January 18, 2015
Thursday, January 15, 2015
Monday, January 12, 2015
Jim Rogers on Russia, China, and commodities
Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture, and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.
- Source, Russia Today
Thursday, January 8, 2015
Jim Rogers on ruble: Russian central bank doing it right
- Source, Russia Today
Monday, January 5, 2015
Expect global oil prices to fall further
Watch more videos: http://www.ndtv.com/video?yt
Friday, January 2, 2015
Jim Rogers Weighs in on Commodities Carnage
As global commodities prices plummet, it’s incredibly convenient to pronounce the commodities super-cycle dead, isn’t it?
Yet banks from Goldman Sachs to Citigroup to Deutsche Bank are on record as saying it’s over.
The Rogers Commodities Index, which represents the value of a basket of 36 commodity futures contracts, is down 20% since mid-June.
But does incredible opportunity lie among the carnage?
Well, I asked the Founder of the Index, celebrated hedge fund manager and bestselling author, Jim Rogers.
Jim was born just a stone’s throw away from Wall Street Daily’sheadquarters in Baltimore, Maryland, and I get smarter every time I speak to him.
- Source, Wall St Daily
Yet banks from Goldman Sachs to Citigroup to Deutsche Bank are on record as saying it’s over.
The Rogers Commodities Index, which represents the value of a basket of 36 commodity futures contracts, is down 20% since mid-June.
But does incredible opportunity lie among the carnage?
Well, I asked the Founder of the Index, celebrated hedge fund manager and bestselling author, Jim Rogers.
Jim was born just a stone’s throw away from Wall Street Daily’sheadquarters in Baltimore, Maryland, and I get smarter every time I speak to him.
- Source, Wall St Daily
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