Jim Rogers 01 (May 08 - May 10)

[winston]

“When the global economy eventually recovers, natural gas may be the strongest performer in energy just because it’s been beaten down so much now,” Jim Rogers, the chairman of Roger Holdings, said in a Bloomberg interview in Singapore today.

Rogers, an investor, isn’t buying gas at the moment. Natural gas futures, the world’s worst performing major commodity, have declined 41 percent in New York this year.

http://www.bloomberg.com/apps/news?pid= ... .y_ERI9L80

[winston]

Jim Rogers divulges the ultimate way to invest in China By Sean Goldsmith:

In a recent interview, legendary investor Jim Rogers said China has been building up its reserves for a rainy day, and now it's spending that cash on infrastructure improvements that will make the country more competitive when the world comes out of the current slump.

As we previously pointed out, Rogers isn't currently buying Chinese stocks - the market has doubled in the past nine months, and he thinks it's expensive - but he's also not selling. Also, Chinese real estate has almost recovered to pre-bubble prices.

Instead, Rogers says the best way to play China is to buy commodities... "China has to buy commodities. They have no choice. They cannot cheat you. They will pay you on time. They will take you to dinner. They will do everything, because they have to buy commodities."

Rogers says he owns all of the commodities, and he would currently buy every commodity, "especially the grains."

[kennynah]

one would hv to ask the agenda behind his stating this publicly.....grains....


either he is drumming up his purchase...which is idiotic move

or

he is already distributing....

[winston]

Or maybe he's just being a nice guy and is just sharing his investment ideas

Most of the time, his recommendations are for the very long term, so it's not possible to make money off them in the short term .

[kennynah]

Or maybe he's just being a nice guy and is just sharing his investment ideas

oh sure...he could be...of cos...

[winston]

Jim Rogers Says China’s Stocks May Collapse After Doubling By Matt Townsend

July 27 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, said he hasn’t purchased Chinese stocks since November because prices have risen too fast and will probably “collapse.”

“I much prefer to buy when things collapse,” Rogers said in a Bloomberg Television interview from Singapore. The Shanghai Stock Exchange Composite Index has doubled since Nov. 4, reaching the highest level since June 2008. “That is usually a bad sign.”

Rogers said he is investing in commodities as an alternative to equities because the Chinese “have to have them” to keep the economy growing. He disagreed with Treasury Secretary Timothy Geithner’s statement that Chinese consumers should spend more to bolster economic growth.

“Chinese consumers are consuming more,” Rogers said. “To tell them to spend rather than save, the reason the economy has done so well is because they are huge savers and investors.”

Rogers said he hasn’t sold any Chinese shares since he began investing in the country in 1988.

[winston]

Jim Rogers Is Not Shorting This Market By: Ellen Chang

Jim Rogers, the commodities guru, now says for one of a few times in his life he does not hold any large short positions.

In a Bloomberg TV interview, Rogers said he fails to see that there is anything in great excess.

Nor is Rogers a fan of shorting Treasury bonds because he believes that the Federal Reserve can steer the market for them currently.

He says, naturally, that commodities are the best place for investors to place their money due to inflation concerns.

Investors should be prepared for additional inflation down the road, Rogers warned.

Consumer confidence is still low, with July's rate declining more than projected, Bloomberg reported.

Unemployment is estimated to rise to more than 10 percent in early 2010, which will eliminate some consumer buying power.

We have a consumer that still struggling, Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, told the news service.

Consumer spending will be soft, and the recovery is likely to be modest. We do need to see the job losses moderate.

One positive sign appeared as home prices reported their first monthly gain in three years in May.

The S&P/Case-Shiller home-price index rose 0.5 percent from April. That is the first monthly gain since July 2006 and the largest since May 2006.

© 2009 Newsmax.

http://moneynews.newsmax.com/streettalk ... 41347.html

[winston]

Jim Rogers Says U.S. Commodity Curbs to Drive Markets Overseas By Claire Leow

Aug. 6 (Bloomberg) -- U.S. proposals to place curbs on commodities trading will drive business overseas, particularly to Asia, said Jim Rogers, chairman of Rogers Holdings.

“It is remarkable because America is shooting itself in the foot again,” he said in an interview in Singapore today. “It’s going to drive the business away and the rest of the world is going to welcome it with open arms.”

U.S. Treasury Secretary Timothy Geithner is urging Congress to rein in the $592 trillion derivatives market with new U.S. laws that are “difficult to evade.” Opaque financial products contributed to almost $1.5 trillion in writedowns and losses at the world’s biggest banks, brokers and insurers since the start of 2007, according to data compiled by Bloomberg.

“The end result is going to be Singapore, or Hong Kong, or Shanghai or who-knows-where” will be “quite happy to take that business,” he added.

As the U.S. contemplates tighter regulation, China’s interest in commodities is accelerating, Rogers said. The world’s most populous country already accounts for about one- third of global copper usage. It also accounts for about one- sixth of wheat demand and one-fifth of soybeans, according to the U.S. Department of Agriculture.

“The three commodity exchanges in China are booming,” he said. “Dalian trades more soybean contracts than Chicago does already, and that’s with a blocked currency, a closed market. Can you imagine what’s going to happen if and when they open that market up to foreigners? It’s going to explode.”

[winston]

Jim Rogers no longer bullish on gold
From LewRockwell.com:

Global commodities investor Jim Rogers no longer loves gold. Instead, he is going to shift focus to commodities like sugar.

On gold, he says: "If it goes down I'll buy some more, and if it goes up I'll buy some more. I periodically buy some gold. I don't have a method to it. I just buy it."

Rogers is these days bullish on sugar. Sugar prices are rising dramatically these days. Last week, the price of sugar breached the 21 US cents per pound mark for the first time since 1981. It is up 80 per cent this year alone, and many believe it is set to go way higher.

Rogers says sugar prices might reach the all-time peaks it hit in the 1970s - 70 per cent higher than it is now.

http://www.commodityonline.com/news/Why ... 0-3-1.html

[kennynah]

On gold, he says: "If it goes down I'll buy some more, and if it goes up I'll buy some more. I periodically buy some gold. I don't have a method to it. I just buy it."

sure sounds like words of a wise man....