Sunday, June 30, 2013

Commodities still in bull market supercycle

When you look back at the stock bull market from 1982 to 2000, stocks collapsed in 1987, ’89, ’90, ’94, ’97, ’98. And every time, people said the bull market is over. But it wasn’t. This bull market in commodities will definitely come to an end someday. But someday is not here yet.

Friday, June 28, 2013

Gold correction closer to a bottom

Jim Rogers when asked if the bottom is near for Gold

We certainly are. There are a lot of leveraged players who are now being forced to sell. Usually when you have this kind of forced liquidation, you’re getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom. I even bought a little bit [recently].

Thursday, June 27, 2013

This is insane, cannot go on

We’re getting to that point where either one of two things are going to happen; either central banks are going to stop all this [money printing], or the market is going to force them to stop it. It looks like we may be having a juncture of both…where the Fed is getting worried…and at the same time, the market is jumping in and saying, ‘Yes, it’s insane what you’re doing, and this has to end.’ So we may have a healthy convergence of both. And if it’s not ending now, it’s going to end sometime in the next year, because this cannot go on—it’s too insane

Wednesday, June 26, 2013

US Natural gas, oil shale overhyped

Regarding natural gas, the fundamentals on the ground are not nearly as good as the hype. The number of rigs on the ground has gone down 75% the last couple of years, as the wells are very short-lived, and it takes an enormous amount of money to keep them up. A number of companies have had to lower estimates of their reserves.

As for oil shale, typical wells deplete at 38 per cent the first year. Thus you need a lot of drilling, money, and a high price to keep up production rates.  All you have to do is go out in the oil patch. I believe the investment world will be disappointed with the notion that supply is so great that oil will collapse.

Tuesday, June 25, 2013

China has water problems

China has a major water problem. The only way the China story runs into big problems is if they run out of water. They are working hard to solve it. I believe they will solve it. If you want to make a lot of money find companies that are working to fix that problem.

As for their stock market, it’s getting closer to a buy. I bought a few shares on Friday. Their market is getting to the point it should be bought.

Monday, June 24, 2013

Jim Rogers optimistic on Malaysia and asia

Malaysia is making positive dramatic changes. I am extremely optimistic about Malaysia and Asean. In fact I don't see any countries in Asean going the wrong way.

There will be a huge currency turmoil going forward and when that happens I rather be with the creditors rather than the debtors. There is no such thing as a sound currency. No country will be able to escape unscathed, but the positives changes in Asia will enable the region to rebound quicker and emerge stronger. The ones doing the right things will lead the next phase.

Friday, June 21, 2013

Japan Abe long term disaster

Japan has a very serious problem. When we look back, Mr. Abe will have ruined Japan. Huge debt levels, horrible demographics, they won’t let in foreigners, the population is declining. Mr. Abe comes along and says he’ll ruin the currency. It is a disaster in the long term, and not guaranteed to work in the short term, either.

Thursday, June 20, 2013

Market timing is tough

At some point markets won’t take central bank policies anymore, and interest rates go up regardless of how much bond buying they do. Market timing is tough. As for the fixed income market, I’m short junk bonds. In any market, the marginal stuff goes first. This could precede problems with sovereign debt.”

Wednesday, June 19, 2013

I would start by looking at things that are depressed rather than things that are going through the roof.

Jim Rogers on what to buy right now

I would start by looking at things that are depressed rather than things that are going through the roof.

Tuesday, June 18, 2013

QE is going to end

Quantitative easing is going to end. Either the central bankers are going to wake up to reality and stop this insanity of printing money all over the world or the market is going to say 'we don’t want your paper money' anymore.

Monday, June 17, 2013

Investors Optimism on Myanmar

We in the U.S. had numerous problems as we were rising toward becoming the greatest success of the 20th century: civil war, many Depressions in the 19th century, few human rights, little rule of law, collapse of 1907, etc, etc.

Yet we went on to great success. I am very optimistic on Myanmar, but expect and welcome the various corrections which will come. There will be more.

Friday, June 14, 2013

Thursday, June 13, 2013

Rogers on Singapore inflation and immigration

If Singapore cannot get enough labor, it will have to raise wages. Inflation will rise and Singapore might price itself out of the market over the next few years.

On the future of Singapore if it tightens immigration
Singapore could be an old age home in 10 to 20 years. Every country in history that has a backlash against foreigners, is going to go into decline. 

Wednesday, June 12, 2013

Jim Rogers: Russia contrarian investment

Everybody hates Russia for many good reasons… including me for a long time. That's usually a place that you should look, when people hate a market. And so I am looking.

Tuesday, June 11, 2013

Gold down but can still go bit lower

Although gold prices have gone down a lot, it's still hard to call it an end.

Monday, June 10, 2013

Jim Rogers buying precious metals for years

Jim Rogers on how much gold he has invested:

First of all I won’t say, but second of all I don’t know. I don’t have a committee that I have to answer to, so I don’t have a clue. I do know that I own a fair amount of precious metals, I’ve been buying them for years and I never sold them.

Friday, June 7, 2013

Jim Rogers on the Yen devaluation effects

The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.

Thursday, June 6, 2013

No exit plan

I don’t know if there’s an exit plan. If and when they stop, it’s going to cause lots of ramifications in the market and lots of — perhaps even chaos, but certainly turmoil and upset. The only exit plan that he’s[Ben Bernanke] talked about is to let it all mature. That sounds wonderful, but it’s not very practical.

Wednesday, June 5, 2013

Jim Rogers may still buy US Dollar

I still own US dollar I don't want to own it. I own because its the least bad. Other people will put their money in the dollar when there's turmoil.
Look at the Japanese trying to get out of the yen so they put their money in the dollar. They dont know what else to do with their money. In fact I may some more[dollar] before too much longer.

Tuesday, June 4, 2013

Jim Rogers still owns Japan stocks

[Abenomics] has made the stock market go up quite a lot, it's been dramatic, but it's made the currency collapse.

I still own Japanese shares, I sold some last week, not all, but some. If [Japanese equities] drop down for some reason conceivably I would buy them back, but I don't know what would make them go down though because there's money printing everywhere. ... This is causing stock markets around the world to be very artificially inflated.

Monday, June 3, 2013

Jim Rogers: Yen downfall move dangerous

Jim Rogers on the Japanese yen policy:

The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is.

Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but  exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.

Sunday, June 2, 2013

Who is Jim Rogers ?

Jim Rogers is a famous investor, financial professor and author. Mr. Rogers was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). He was called the “Father of Austria Stock Market” and praised as, "For no one other than Jim Rogers can grasp the general trend," by the legendary investor Warren Buffett. Mr. Rogers is presently the Chairman of Beeland Interests, Inc.

Mr. Rogers graduated with a bachelor's degree in History from Yale University in 1964. He then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966. The Quantum Fund was one of the first truly international funds. From 1970 to 1980, performance of Quantum Fund gained 4200% while the S&P advanced about 47%. In 1980, Mr. Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.

In 1998, Rogers founded the Rogers International Commodity Index. In February 2011, Rogers announced that he has started a new index fund that focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro." The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.

Jim Rogers

Warren Buffett

Nouriel Roubini