Jim Rogers 01 (May 08 - May 10)

[winston]

JIM ROGERS' FAVORITE BULL MARKET

It's still a quiet bull market in the "contrarian's commodity investment."

Last year, we kept you updated on the steady uptrend in Jim Rogers' favorite commodity investment

. It's an uptrend that goes unreported in the mainstream financial press... and one you can see below in the investment fund DBA. This fund is a one-click way to buy the agricultural commodities corn, soybeans, wheat, and sugar.

Why is DBA the contrarian's commodity idea? Well, commonly traded commodities like crude oil, gold, copper, and platinum have soared in the past year. Copper, for instance, is up 125% in the past 12 months. The ag complex, however, is in the "beaten down" category.

But as you can see from today's chart, the DBA is quietly building a series of "higher highs and higher lows." It's classic bull-market action... action that will likely carry DBA to an upside breakout above June highs.

We've spent time thinking about how an investor can earn income from farmland – without going to Brazil
or Iowa to buy 640 acres and a tractor. In tomorrow's Market Notes, we'll show you a way to collect 15%-20% annual yields on this idea.

Source: Daily Wealth

[winston]

Jim Rogers: Jim Chanos Couldn't Spell 'China' 10 Years Ago by Joe Weisenthal

The New York times has an article on Jim Chanos's big bearish China bet -- a view he's advanced through both POLITICO and CNBC in recent months.

It's mostly a rehash of what's already known: the famed shortseller sees a major credit bubble, a lot of hype, and an economy drive by stimulus.

But we were amused that Jim Rogers, obviously a gigantic China bull chimed in, basically calling Chanos a China neophyte. “I find it interesting that people who couldn’t spell China 10 years ago are now experts on China”

Rogers obviously likes to mix it up against the other big names. Last month he was "flabbergasted" by Roubini's lack of knowledge on gold.

Seeing as Jim Rogers has literally gone all-in on East Asia -- moving his family there -- we can see why he'd be sensitive on this one.

http://www.businessinsider.com/jim-roge ... ago-2010-1

[winston]

Food Shortages Coming, Buy Commodities: Jim Rogers

The financial crisis is likely to lead to food shortages in a few years because the agriculture sector is in dire need of funds, legendary investor Jim Rogers told CNBC Friday.

"The fundamentals (for agriculture) have gotten better," he said. "The inventories are now at the lowest they've been in decades, not in years."

"Sometimes in the next few years we're going to have very serious shortages of food everywhere in the world and prices are going to go through the roof."

Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still down 70 percent from its all-time high, according to Rogers.

"I don't think that the problems of the world are behind us yet," he said.

Investors shouldn't bother with stocks because commodities are likely to win in both the optimistic and the pessimistic scenario, Rogers said.

If the economy rebounds, commodities prices will rise because of increased demand, while if the economy continues to be weak, central banks will keep printing money and commodities will be used as a hedge against inflation, he explained.

( What happens if the economy is neither weak nor strong ? )

Rogers is holding on to oil and he is also holding on to gold, saying they are too expensive to buy but not worth selling.

"If you want to buy precious metals I'd rather buy silver and palladium, just because they're cheaper," he said

http://www.cnbc.com/id/34874608

[kennynah]

scrap iron even better....

[millionairemind]

Rogers Says Shanghai, Hong Kong Property in Bubble, May Fall
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By Shiyin Chen and Valarie Tan

Jan. 19 (Bloomberg) -- Shanghai and Hong Kong property prices may fall after being driven higher by speculative demand, while the rest of the Chinese economy is “hardly in a bubble,” investor Jim Rogers said.

Attempts by China’s government to restrain lending may ease speculation and accelerating inflation, Rogers said in an interview in Bloomberg’s Singapore bureau today.

Property prices in 70 cities across China climbed 7.8 percent in December, the fastest pace in 18 months, a government report showed last week. Hong Kong’s real estate prices rallied the most among the world’s major housing markets last year, according to property adviser Knight Frank LLP, adding to signs that the city’s home values have risen too much.
http://www.bloomberg.com/apps/news?pid= ... 5qaI&pos=5

[winston]

Jim Rogers: All The Commodities Are Cheap... Except For Gold by Joe Weisenthal

From CNBC India, here's a good interview with Jim Rogers in which he sums up some of the big ideas he's been talking about lately. Yes, he is getting nervous about a real estate bubble in China, though he's still pretty positive. And he loves commodities, all of them, except perhaps gold.

He even loves tea (as a commodity and to drink) but since there's no futures market for it, he doesn't play in it.

http://www.businessinsider.com/jim-roge ... old-2010-1

[ichew]

Global Stocks Are 'Vulnerable to Correction,' Jim Rogers Says
By Jonathan Burgos

Jan. 25 (Bloomberg) -- Global equities are "vulnerable to correction" after rallying from their March lows and as governments around the world withdraw stimulus measures, said investor Jim Rogers, author of "A Bull in China."

The MSCI World Index climbed 67 percent from a more than 13-year low on March 9 as governments boosted spending and central banks cut borrowing costs to pull the global economy out of its worst recession since World War II. The gauge has fallen 4.9 percent from a 16-month high on Jan. 14.

"We're overdue for a correction" said Rogers, chairman of Rogers Holdings, said in an interview in Hong Kong. "Stock markets around the world have been going up for the past 10 months." China, which led the world out of recession, has been taking steps to prevent the economy from overheating. The nation's central bank on Jan. 12 raised the reserve requirement for banks and told some banks last week to curb lending.

"I don't think anybody has tightened enough. I think everybody should tighten more," Rogers said. "We have huge amounts of money printed throughout the world. It's going to cause currency instability. It's going to cause more inflation. It's going to cause higher interest rates."

[kennynah]

i said it before...i say it again...

jin rogers is a sham...follow his advice at your peril....

[winston]

Rogers: Markets Will Tank Any Day Now By: Julie Crawshaw

Global equities are "vulnerable to correction" after rallying from their March lows and as governments around the world withdraw stimulus measures, says investor Jim Rogers.

"We're overdue for a correction" Rogers says.

"Stock markets around the world have been going up for the past 10 months," he told Bloomberg.

Also, Rogers says central banks need to tighten the money supply further.

“I don’t think anybody has tightened enough. I think everybody should tighten more," he notes.

“We have huge amounts of money printed throughout the world. It’s going to cause currency instability. It’s going to cause more inflation. It’s going to cause higher interest rates.”

The Congressional Budget Office has called the U.S. budget outlook "bleak," in a forecast that hurts the chances for extending Bush-era tax cuts and raises pressure for fiscal belt-tightening, The Wall Street Journal reports.

In its annual report, the nonpartisan CBO pegged the 2010 U.S. budget deficit at $1.35 trillion, a slight decrease from the $1.4 trillion 2009 deficit that set a post-World War II record.

The CBO said the government will run an aggregate deficit of about $6 trillion during the next decade, a level that many economists worry could lead to currency shock, inflation, crippling interest rates or other economic maladies.

By the end of 2020, "debt is projected to climb to $15 trillion, or 67 percent of gross domestic product," CBO director Doug Elmendorf said on his blog post.

"With such a large increase in debt…interest payments on the debt are poised to skyrocket."

http://moneynews.com/StreetTalk/jim-rog ... /id/348399

[winston]

China Will Keep Trimming Treasurys: Jim Rogers By: Antonia Oprita

China's move to reduce its holding of US debt is likely to continue in the long term while the "euro scare" may last a while, legendary investor Jim Rogers told CNBC.com Wednesday.

On Tuesday, government figures showed that foreign demand for Treasurys fell by the largest amount on record in December.

China cut its holdings by $34.2 billion to $755.4 billion, losing the top spot in terms of foreign ownership of Treasurys to Japan.

Japan also cut exposure, cutting ownership of Treasurys by $11.5 billion to $768.8 billion, a much slower pace than China.

"I am surprised China has not dropped more," Rogers told CNBC.com.

Asked if the US should be worried about this trend, Rogers, who does not hold US Treasurys, said: "Of course. The US should be worried about everyone lightening up – not just China."

The cut in foreign holdings could force the government to make higher interest-rate payments, just as it is struggling with big budget deficits.

Asked if the trend of unloading US government debt was likely to continue, Rogers said: "Probably after this euro scare is over – which may take a good while."

Uncertainty about the size and extent of the euro zone's debt problems weighed on the euro Wednesday, despite a firming of the single currency on Tuesday on optimism that Greece will find ways to cut its deficit.

http://www.cnbc.com/id/35438488