Jim Rogers On CNBC- I Have No Shorts For First Time Since 1987
For the majority of his career, Jim Rogers has had both long and short positions. As of this interview, this is one of the few times Jim Rogers does not have a short position. Among the reasons for Jim not having any shorts is a possible currency crisis and thus should avoid shorting the market. Rogers typically holds both long and short positions, but his perception of global currencies' instability has led him to pull out all his shorts, he said. The last time he can remember doing so was before the market fiasco in 1987. Among other things Jim Rogers continues to be "wildly" bullish on China, "wildly" bullish on commodities. Specifically, Jim likes Silver over Gold, Natural Gas and Cotton.
"I would suspect that somewhere along the line...someone's going to say, 'I'm going to start selling mine before everybody else does,'" Rogers said. "That's when you have a currency crisis." But instead of pouring money into stocks, Rogers said investors should turn toward commodities. This sector will lead the recovery if the global economy improves, and if it doesn't, they'll still be the best place because of inflation, he said.
"Im afraid they're printing so much money that stocks could go to 20,000 or 30,000" Rogers called the US dollar a "terribly flawed currency," adding that it could be the starting point for the next currency crisis.
"Im afraid they're printing so much money that stocks could go to 20,000 or 30,000" Rogers called the US dollar a "terribly flawed currency," adding that it could be the starting point for the next currency crisis.
"I would suspect that somewhere along the line...someone's going to say, 'I'm going to start selling mine before everybody else does,'" Rogers said. "That's when you have a currency crisis." But instead of pouring money into stocks, Rogers said investors should turn toward commodities. This sector will lead the recovery if the global economy improves, and if it doesn't, they'll still be the best place because of inflation, he said. - 23210
"I would suspect that somewhere along the line...someone's going to say, 'I'm going to start selling mine before everybody else does,'" Rogers said. "That's when you have a currency crisis." But instead of pouring money into stocks, Rogers said investors should turn toward commodities. This sector will lead the recovery if the global economy improves, and if it doesn't, they'll still be the best place because of inflation, he said.
"Im afraid they're printing so much money that stocks could go to 20,000 or 30,000" Rogers called the US dollar a "terribly flawed currency," adding that it could be the starting point for the next currency crisis.
"Im afraid they're printing so much money that stocks could go to 20,000 or 30,000" Rogers called the US dollar a "terribly flawed currency," adding that it could be the starting point for the next currency crisis.
"I would suspect that somewhere along the line...someone's going to say, 'I'm going to start selling mine before everybody else does,'" Rogers said. "That's when you have a currency crisis." But instead of pouring money into stocks, Rogers said investors should turn toward commodities. This sector will lead the recovery if the global economy improves, and if it doesn't, they'll still be the best place because of inflation, he said. - 23210
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All Things Jim Rogers is a Jim Rogers Blog dedicated to tracking the latest Jim Rogers videos and interviews for the general public to enjoy.
posted by X - Men @ 1:20 AM
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