Jim Rogers 01 (May 08 - May 10)

[winston]

Jim Rogers: I Have No Shorts Now By: Julie Crawshaw

This is one of the few times in my life I have not had shorts anywhere in the world, says commodities guru Jim Rogers.

“I have kept away from shorts because there is a gigantic amount of money being printed and it has to go somewhere. . . I thought some of it would end up in the stock market, and it has,” he told the Pragmatic Capitalist Web site.

Rogers, who has chosen to restrain his long positions to commodities and currencies, isn’t buying stocks at all, simply because he doesn’t like to buy when shares have been “going straight up for a while.”

He refuses to speculate on how much higher equity markets will rise.

“There are a lot of problems in the economy, but I don’t know when those problems will cause a downdraft in the stock market,” Rogers says.

“All we’ve done is paper over the problem, so I expect we’ll have to deal with those issues in the future. Printing and spending money we don’t have simply prolongs the problems and makes them worse in the long run.”

As U.S. stocks keep climbing, some think Wall Street's recovery has come too far, too fast.

The market poses a "quandary for investors who believe in close historical relationships among share prices, earnings and balance sheets," Michael Farr, president of Farr Miller & Washington, told MarketWatch.

However, "a nonstop supply of monetary opiates could keep a dead elephant jogging for miles," Farr commented, referring to ongoing government-stimulus programs as well as the Federal Reserve's easy-money monetary policy.

Source: Newsmax

http://moneynews.newsmax.com/streettalk ... 85877.html

[iam802]

He waited till Nov 2009 to tell us that.

[kennynah]

i have no interest in whatever he has to say, mostly....but this is just my personal bias...see his "sia lan" face, i oso sian man...

[winston]

Jim Rogers: Buy Gold Not Gold Stocks By Alix Steel

NEW YORK (TheStreet ) -- Jim Rogers, renowned global commodities investor and author, says gold prices will hit $2,000 in a decade.

http://www.thestreet.com/story/10627203 ... ooyah_html

[winston]

Jim Rogers: My First Million

What is the secret of your success?

As I was not smarter than most people, I was willing to work harder than most. I was prepared to examine conventional wisdom. If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

What is your basic investment strategy?

Buy low and sell high. I try to find something that is very cheap, where a positive change is taking place. Then I do enough homework to make sure I am right. It has got to be cheap so that, if I am wrong, I don’t lose much money. Every time I make a mistake, it is usually because I did not do enough homework.

http://www.ft.com/cms/s/2/0e676a08-d602 ... abdc0.html

[winston]

Rogers: Obama Will Fire Geithner By: Julie Crawshaw

In an unusual foray into political comment, investing guru Jim Rogers says Treasury Secretary Timothy Geithner is about to join the ranks of the unemployed – as well he should.

"Geithner should never have been appointed to anything," Rogers told Business Week. "He's been wrong about just about everything for 15 years."

"As Mr. Obama realizes that Geithner doesn't know what he's doing, he's going to look for somebody else because he doesn't want to take the heat himself."

"So he's going to look to blame somebody, and the obvious person is Geithner."

Rogers, a commodity bull, attributes gold’s recent price surge to budget deficits.

“Deficits are going berserk nearly everywhere,” Rogers notes. “Throughout history, printing money has led to weaker currencies and higher prices for real assets.”

“… There are many, many pessimists about the dollar, including me,” Rogers notes. “So many pessimists that I suspect there's a rally coming.”

“I have no idea why there should be, but things do usually rally when you have this many bears at the same time. I've actually accumulated a few more dollars.”

President Obama should replace Geithner and White House economic policy director Larry Summers, says U.S. House Rep. Peter DeFazio (D-Ore.).

"I think there is a growing consensus in the (Democratic) caucus (that) we need a new economic team that cares more about jobs, Main Street and the American people than it does about Wall Street and huge bonuses," DeFazio told MSNBC.

http://moneynews.newsmax.com/streettalk ... 92125.html

[kennynah]

i hope rogers get the treasury secretay job and gets back to his ex-country where he belongs...to help his fellow americans out rather than desert them in times of crisis...and kpkb from afar...

but then again....i suppose he fits right in here in singapore... kpkb is a national hobby...

[iam802]

Actually, I also do not like Geithner.

Reason?

Hidden Content:

I just don't like the face...lor

[kennynah]

hahahaha..... i can understand.... trust me...

[winston]

DJ Commodities Are Best Asset Class To Invest In -Jim Rogers

SYDNEY (Dow Jones)--Commodities are the best asset class to invest in, as China and India's development drives demand growth and governments' money-printing pushes investors to seek exposure to alternative assets, commodities investment strategist Jim Rogers said Thursday.

'If the world economy gets better, commodities are a great place to invest because of supply shortages,' Rogers said in a conference call hosted by ETF Securities, adding that investment in new supply has been lacking for decades.

'If the economy doesn't get better, commodities are still a great place to invest since the world economies are printing so much money,' he said.

Commodity markets, base metals and gold in particular, have performed strongly in recent weeks despite signs of demand recovering only very slowly, with gold reacting strongly to expectations of long-term dollar weakness and central banks stepping up purchases of gold.

Source: Elisabeth Behrmann, Dow Jones Newswires