Jim Rogers 01 (May 08 - May 10)

[helios]

on points 5 & 6:

he reiterated that during the media interview ... in the audioclip, i edited some parts away (in case, you guys are wondering).

BUT he is a fair person because he makes sure the media can ask 1 question each ... fair.

[winston]

i have very little interest in what he has to say...frankly....

He can come across as very opinionated. However, his "Hot Commodities" book did opened my mind to Commodities a few years ago, way b4 the funds were interested in Commodities...

I listen to him for ideas. He has a lot of funny ideas. All we have to do is to discard the noise from him eg. asking the Feds & Paulson to resign and just focus on his good ideas...

[mocca_com]

Global Stock Market Rout May Continue, Rogers Says (Update2)

By Kyung Bok Cho

Nov. 12 (Bloomberg) -- The tumble in global equities may worsen because valuations are still too high, and bonds will be a ``terrible'' investment as economic problems persist until 2010, investor Jim Rogers said.

Stocks in the U.S. and Europe ``are still expensive on any historic valuation method,'' the chairman of Singapore-based Rogers Holdings told a Seoul conference today. ``We may be hitting `a' bottom. I don't know if it's `the' bottom.''

More than $28 trillion has been erased from global equity markets as credit losses and writedowns climbed to $690 billion in the worst financial crisis since the Great Depression. The U.S. has announced a $700 billion bank bailout, while China on Nov. 9 pledged 4 trillion yuan ($586 billion) to bolster its economy.

Rogers's purchases since mid-October include commodities and equities in China and Taiwan, as well as ``a Korea stock,'' he said, without giving details. He still favors commodities as an investment as fundamentals are ``unimpaired'' amid a global liquidation of assets, he said.

China's stimulus package is ``certainly going to have an effect on some industries,'' including the electricity and water industries, though others remain vulnerable to developments in the U.S., Rogers said.

Worst Performer

``Some parts of the Chinese economy are going to be badly affected by the Western recession and some parts are going to do well,'' he said. ``The problem of course is that part of the Chinese economy is tied to the West.''

China's benchmark stock index, the CSI 300, has slumped 67 percent this year, making it Asia's worst performer. In comparison, the Dow Jones Industrial Average index of 30 leading U.S. companies has lost 35 percent.

An MSCI index of developed- and emerging-market stocks has lost 44 percent so far this year, compared with a 30 percent decline in the Reuters/Jefferies CRB Index of 19 commodities.

``You will see that stocks have gone down more so far than commodities. That will continue as far as I'm concerned,'' he said. ``I have started going back into the markets; that does not means it's the bottom.''

Rogers, 66, correctly predicted the start of the commodities rally in 1999. His books include ``Hot Commodities: How Anyone Can Investment Profitably in the World's Best Market'' and ``A Bull in China: Investing Profitably in the World's Greatest Market.''

``Bonds are going to be a terrible place to be for the next 10, 20 years,'' Rogers said, because governments around the world will be issuing great amounts of debt to back up their expanded spending. Inflation will accelerate because of increased money supply, he said.
To contact the reporter for this story: Kyung Bok Cho in Seoul

[winston]

Silver will outperform gold as a hedge against inflation, investor Jim Rogers said in an interview on Nov. 3. Silver is down 33 percent this year, while gold has fallen 12 percent.

"It's been beaten down horribly," said Rogers, the chairman of Singapore-based Rogers Holdings.

"If you put a gun to my head and said you have to buy one, I would buy silver rather than gold."

– Bloomberg

[winston]

Rogers Says Dollar to Be `Devalued,' Buys Commodities (Update2)
By Ron Harui and Mike Schneider

Nov. 25 (Bloomberg) -- The U.S. dollar will be ``devalued'' as policy makers seek to weaken it, undermining the greenback's role as an international reserve currency, said Jim Rogers, chairman of Rogers Holdings in Singapore.

``They think that if you drive down the value of your money, it makes you more competitive, now that has never worked in history in the long term,'' said Rogers. The ICE's Dollar Index has gained 19 percent since Rogers said in an interview on April 27 he expected a dollar rally ``about now.''

The dollar advanced against 15 of the 16 most-traded currencies since the end of June, losing out only to the yen, as a global financial crisis drove investors to the perceived safety of Treasuries. U.S. politicians want to reverse those gains to revive growth, Rogers said.

The dollar is ``going to lose its status as the world's reserve currency,'' Rogers said yesterday in a televised interview with Bloomberg News. ``It will be devalued and it will go down a lot. These guys in Washington, they want to debase the currency.''

Rogers said that he is buying the Japanese yen. All of the 16 most-active currencies have weakened against the yen since June, led by a 39 percent drop in the Australian dollar.

The ICE's Dollar Index, which tracks the greenback against the currencies of six major trading partners, traded at 86.147 as of 7:30 a.m. in London from 86.081 late in New York yesterday. It reached 88.463 on Nov. 21, the highest level since April 2006.

Plan to Exit Dollars

Rogers predicts the U.S. currency's rally ``will probably go into next year'' and said he plans to cut the remainder of his dollar holdings during this period.

``If I were doing it today, and what I have done today, is buy the yen,'' Rogers said. ``But, it is also an artificial move that's going on. It's a difficult problem to find out what is a sound currency.''

Democratic lawmakers including Senator Charles Schumer of New York said this weekend they plan to put an economic stimulus package as large as $700 billion before President-elect Barack Obama on his first day in office. Obama has called for a sizeable enough plan to jolt the economy, saying the U.S. faces the loss of ``millions of jobs'' unless immediate steps are taken to stimulate growth and rescue the nation's automakers.

Buying Commodities

Rogers also is buying commodities, saying their ``fundamentals have not been impaired and, in fact, are improved.'' He correctly forecast in April 2006 that the oil price would reach $100 a barrel and gold $1,000 an ounce.

``In mid-October, I started buying commodities, I started buying China and I started buying Taiwan,'' he said. ``I bought them all, but I've been focusing more on agriculture. I mean sugar is 80 percent below its all-time high. It's astonishing how low some of these prices are.''

The Rogers International Commodity Index Total Return has plummeted 52 percent from a record in July, including an 11 percent slide this month. The index has risen 124 percent over the past seven years.

Sugar surged the most in two weeks yesterday amid speculation that higher crude-oil prices will boost demand for alternative fuels, including ethanol made from cane.

Raw-sugar futures for March delivery rose 0.44 cent, or 3.9 percent, to 11.72 cents a pound on ICE Futures U.S. in New York yesterday. The gain was the biggest for a most-active contract since Nov. 4. Sugar has declined in each of the past three weeks.

[iam802]

Rogers Says Dollar to Be `Devalued,' Buys Commodities (Update2)
By Ron Harui and Mike Schneider

Nov. 25 (Bloomberg) -- The U.S. dollar will be ``devalued'' as policy makers seek to weaken it, undermining the greenback's role as an international reserve currency, said Jim Rogers, chairman of Rogers Holdings in Singapore.

......

hmmm, is this new?

This is the first time that I have seen reports that needs to cite Jim Rogers ' company and where it is based.

Especially, given that this article comes from Bloomberg.

Surely, Bloomberg's subscriber are savvy enough to know who Jim Rogers is. And if they want to work with him, they will be able to find the right connection.

[helios]

This is the first time that I have seen reports that needs to cite Jim Rogers ' company and where it is based.

his namecard states that his Company is registered in Singapore, did not state the physical office address ...

[winston]

Fundamentals of Commodities Are ‘Unimpaired,’ Jim Rogers Says By Nigel Stevenson and Brett Foley

Dec. 5 (Bloomberg) -- The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.

“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”

The Reuters/Jefferies CRB Index of 19 commodities has plunged 53 percent from a record in July on concern that a global recession will sap demand for raw materials.

Rogers said crude oil and agricultural commodities were the most likely to have shortages and the outlook for zinc and cotton had “improved.”

Central banks and President-elect Barack Obama should be careful in responding to the global economic slump, Rogers said.

“It is astonishing how bad they’re reacting this time. It is unfathomable to me what they’re doing and you think some of them would have read some history,” he said.

[winston]

Investment guru Jim Rogers is selling all of his U.S. dollar holdings as he believes there has been an "artificial" rally in the currency of late and this is the right time to get into other investments.

The chairman of Rogers Holdings said the dollar is having a "big rally" this year, but that this is because investors have been shuttled into a period of "forced liquidation."

"People are reversing their positions in everything. There have been a lot of bears on the dollar. They have all been short on the dollar. Now they have to cover their positions," Rogers said during an interview with Bloomberg TV.

"There's been an artificial rally on the dollar."

– NewsMax

[winston]

Rogers Says He’s Buying China Shares in Hong Kong, Singapore By Hanny Wan

Dec. 31 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, said he’s been buying shares of Chinese companies even as growth in the world’s fourth-largest economy slows.

Rogers started buying Chinese shares in 1988 and is now favoring equities traded in Hong Kong and Singapore that are cheaper than yuan-denominated stock in Shanghai.

China is slowing but “some parts of the Chinese economy will be totally unaffected by what happens in the West,” Rogers said in an interview in Hong Kong. “I started buying in October again. I never sold any Chinese shares.”