Jim Rogers 02 (Jun 10 - Dec 26)

[winston]

Jim Rogers: Oil To Rise; Nuclear Energy Will Come Back By: Antonia Oprita

Japan's nuclear disaster is going to increase demand for natural gas and oil for a while and oil prices will rise but the world cannot do without nuclear energy yet, investor Jim Rogers told CNBC Wednesday.

However, uranium and nuclear power stocks are likely to be good buys only in two or three years, when things calm down, Rogers, who together with George Soros co-funded the Quantum Fund, said in an interview.

"Unless we find something to replace oil and coal, we have to have nuclear… whether we like it or not," he said.

Rogers, whose portfolio is mainly in commodities and currencies, said oil prices will rise.

"The price of oil is going to go much higher over the next decade", the Chairman of Rogers Holdings said in an interview.

Rogers bought the Japanese stock index and some stocks following the disastrous earthquake and tsunami that hit the country earlier this month.

"It's going to cause slowdown in the Japanese economy… eventually though they are going to have to rebuild and they will rebuild," he said.

"I don't think Japan is going to fall off the face of the earth and I own Japan," he added.

The Japanese investors are going to have to bring their money home and are likely to sell US government bonds, said Rogers, who also owns the yen [JPY=X 83.13 0.23 (+0.28%) ].

"I'm not selling anything. I'm waiting to sell short US government bonds."

Rogers is buying the Chinese yuan — which is virtually out of the reach of foreign investors because of capital controls imposed by the government — whenever he can find ways to buy it but he is not currently buying Chinese stocks.

"I only like to buy China when it collapses and it hasn't collapsed in nearly two years," he said. "My children are going to own my Chinese shares. I'm not planning to sell my Chinese shares ever."

Currencies are being "debased" all over the world, Rogers said.

"I actually bought some silver [XAG= 37.38 -0.06 (-0.16%) ] and gold [XAU= 1423.29 -0.09 (-0.01%) ] last week, not a lot but some," he said.

"Paper money is being debased all over the world… the world's got a lot more inflation, a lot more currency debasement, don't sell your silver," Rogers added.

http://www.cnbc.com/id/42334426

[winston]

Jim Rogers Comments On Triple Digit Silver And Issues Warning: "Parabolic Moves Always Collapse"
by Tyler Durden

Jim Rogers commented on the recent move by the University of Texas to take delivery of $1 billion in gold, saying the decision is long overdue, and has only occurred because everyone else is now buying thereby taking metal out of circulation.

He adds: "But where were these guys five, ten years ago? That’s when they should have been doing all of this." Indeed the momentum chasers never show up until it's too late.

Then Rogers had some words of caution for silver bulls: "If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we’ll have to worry. It’s not parabolic yet.

I hope something stops it going up in the foreseeable future and we have a correction. " There is one caveat: "maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing.

But if silver goes up the way you’re talking about without currency collapse, I would be very worried." So as usual, those long Precious Metals should not hate the Chairsatan but to urge him on to continue doing what he is doing so well: converting that once valuable combination of 75% cotton and 25% linen into "confetti."

http://www.zerohedge.com/article/jim-ro ... s-collapse?

[iam802]

ah.. so Silver not parabolic yet.

reach 3 digit, then worry

[winston]

Investor Rogers to short rising Treasuries-Reuters Insider

LONDON, April 21 (Reuters) - Leading investor Jim Rogers said on Thursday he plans to short U.S. Treasury bonds if their price rises much higher.

"If the bond goes up another 3 or 4 points, I for one am going to sell it short," he told Reuters Insider in an interview from Singapore, where he is based.

Rogers was not specific about which duration bonds he was referring to, beyond mentioning 30-year paper in a comment about what he sees as a coming sell off.

"I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest," he said.

"I mean the market is just going to give up. Once (the Fed) ... stops buying bonds I'm not sure who's left to buy bonds at that point."

The Federal Reserve's asset-purchasing quantitative easing programme is due to end in June.

Ten-year U.S. Treasury bonds US10YT=TWEB are currently yielding 3.411 percent while 30-year bonds US30YT=TWEB yield 4.459 percent.

http://www.reuters.com/article/2011/04/ ... VS20110421

[winston]

Jim Rogers says may short U.S. Treasuries

NEW YORK (Reuters) - Influential investment veteran Jim Rogers said on Tuesday he plans to short U.S. Treasuries, maybe as soon as later in the day, as he expects the end of the Federal Reserve's quantitative easing program to pressure government bonds.

Rogers, who rose to prominence after co-founding the now defunct Quantum Fund with billionaire investor George Soros four decades ago, said he expects the U.S. dollar to rally when the Fed's unconventional monetary measure ends in June.

"I'm not short bonds yet but I plan to short bonds -- maybe this afternoon if I get around to it," Rogers told Reuters Insider television.

The Fed in November launched a second round of purchases of long-term securities, which investors and traders refer to as QE II, pumping $600 billion into the financial system.

Rogers, a long-time commodities investor, said he was unruffled by last week's commodities rout that knocked 13 percent off oil prices and pushed silver down 25 percent.

The price of increasingly scarce commodities like oil and precious metals will be on an uptrend for a number of years, he said, regardless of the occasional market correction.

"We are in a bull market that has several years to go. I don't know when it is going to end," Rogers said, adding that last week's crash was "nothing unusual."

Source: Reuters US Online Report Business News

[winston]

The dollar is set to rally now... but it's a "total disaster" in the long term

The U.S. dollar is going to be a "total disaster" in the long term because of the country's position as the world's largest debtor and the policies being pursued by Federal Reserve Chairman Ben S. Bernanke, according to investor Jim Rogers.

The Chinese yuan is likely to be a "safe" currency, although it is difficult for investors to buy, Rogers, the chairman of Rogers Holdings, told a conference in Edinburgh.

"The situation is getting worse and I expect to see severe problems in the U.S.," Rogers said today. "Dr Bernanke doesn't understand economics, he doesn't understand finance, he only understands printing money and we can't quadruple the amount of money in the next slowdown."

U.S. government debt is currently 93 percent of gross domestic product compared with 60 percent before the financial crisis and is set to rise further in the next few years. The dollar has fallen over the past year against every currency in a basket of 16 major currencies. The euro has gained about 7 percent against the dollar this year. It traded at $1.4311 as of 3:20 p.m. in London.

"I expect to see more currency turmoil maybe this fall, and more turmoil by 2013," said Rogers, who favors currencies and commodities. Rogers said he is currently buying the dollar because the market consensus is for the currency to fall.

Rogers said he is "short" emerging markets, except for China, and U.S. technology stocks as a hedge against his other positions.

"Bonds in the U.S. have been in a bull market for 30 years," said Rogers. "In my view that's coming to an end." Rogers is only buying government securities now because 95 percent of the market expects them to decline, he said.

Rogers said he couldn't forecast when the bull market in commodities will end. "I know the signs to look for," he said. "I hope I am smart enough to recognize them."

"Great fortunes" will be made in agriculture and alternative energies, such as solar power and wind, over the coming years, Rogers said


Source: Bloomberg

[Muhajir]

Just saw Jim Rogers on BBC HardTalk. Very interesting. I highly recommend all of you to watch it. Someone will soon post it on youtube, or Jim himself will post it on his blog in full.

http://news.bbc.co.uk/2/hi/programmes/hardtalk/9488885.stm

[winston]

Jim Rogers Tells Fox Business Agriculture Is “Going to Be One of the Great Industries of Our Time”


Rogers said that the U.S. economy will not recover until we “accept reality, stop spending money we don’t have, go down to a lower level, and start over.”

He went on to say that particularly in such an uncertain economy, “you should invest in only what you know, otherwise keep your money in cash.” Excerpts from the interview are below:


On his investment strategies:

“I am long commodities, long currencies, and short stocks. But we will see what happens. You should invest in only what you know, otherwise keep your money in cash. The reason people lose money is because they keep jumping around investing in things they don’t have a clue what they are doing.

Normal people should just wait. Wait until there are good opportunities and take advantage of them. There are plenty of opportunities besides banks. Cotton is going through the roof, corn is making all time highs. Invest in farmers. Invest in agriculture. I think agriculture is going to be one of the great industries of our time.”


On what one commodity he would invest for the next 10 years:

“Agriculture. I am a terrible market timer but maybe rice. Maybe sugar.”


http://www.gurufocus.com/news/136144

[winston]

Rogers: US T-Bonds Are The Next Great Short By Olivier Ludwig

Jim Rogers, the natural-resources-investing guru, is more bullish than ever on commodities. The thesis he laid out in his 2004 book “Hot Commodities” has even longer legs, partly because investments in new capacity were put off after the market collapse of 2008-2009.

Rogers told IndexUniverse.com Managing Editor Olivier Ludwig that he continues to be exceedingly bearish on the U.S., predicting that shorting long-dated U.S. Treasury debt will be one of the great secular plays of the coming years.


http://www.indexuniverse.com/hot-topics ... hort-.html

[winston]

Jim Rogers Says Federal Reserve Worries Him The Most, Be Prepared (Video)
Source: Bloomberg

Jim Rogers was interviewed by Rishaad Salamat today on Bloomberg TV in Singapore. He still owns the U.S. Dollar and Euro, is short Government bonds ("from June 10 to be precise") and believes Greece should default in an orderly way.

Rogers is also worried about the global supply of agriculture; watch the Bloomberg video after the jump.

http://www.distressedvolatility.com/201 ... rries.html