Monday, June 24, 2019

Jim Rogers says he sees some danger signs in the US stock market.

Jim Rogers says he sees some danger signs in the US stock market.

"I am not investing in US stock market because I expect problems to come in the next year or two. I am not buying shares. In the US market, some of the stocks like Apple and Google go up every day. They never go down, which is a dangerous sign in any stock markets. When you have a few stocks always going up and the movement has been concentrated and that seems to be what is happening in the US stock market."



Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Monday, June 17, 2019

Crude Oil pricing fundamentals still strong longer term

Crude oil has not done well the last decade or two.....but it could be making an important bottom which signals long term pricing bullishness.
Fundamentals "Crude in my view is in the process of making a complicated bottom in a few years and then it will be going up for a long time and that is because known reserves of oil all over the world are in decline, and have been in decline for some years."


Price Bottoming process
"Oil prices are bottoming out. They have been bottoming out since 2014. It is a complicated bottom. If you look on the soft price chart you will see the bottom is going sideways for several years. They are going sideways, sideways, sideways, sideways up and down, up and down, up and down, up and down for years. So it is the best bottoms. When they turn around, they go up a lot. And we are in the process of making a bottom like that."



via economictimes

Monday, June 10, 2019

Sadly Americans are not allowed to invest in Venezuela and North Korea

Turmoils and market crisis usually present great buying opportunities. Jim Rogers wishes he could invest in two troubled countries Venezuela and North Korea.


"I would like to invest in Venezuela, but then I am not allowed to because I am American. I have learned over the decades that when you have a country totally collapsing, if you invest there, you become happy after four or five years. I am not allowed to invest in Venezuela at the moment and North Korea I would love to invest in but the same applies. I am not allowed to because I am an American. I am not rushing around looking for investments right now because I am worried about what is going to happen in the world." 


via economictimes


Monday, June 3, 2019

Russian stocks look cheap

Jim Rogers prefers to buy Stocks when they are low and Russian stocks appear to be cheaper than others at the moment.

"At the moment I am mainly looking at Russia. In fact, I am buying shares in Russia right now. I own Russian government bonds in Roubles as well. The interest rates are very high there. So yes, I am interested in both. Russia is very cheap compared to markets all over the world. The main problem is stocks in much of the world are up and I prefer not to buy when things are going up and I know that there are going to be some problems in the markets in the next year or two. My hope is that when problems come to the world markets, I am smart enough to buy lots of stocks." 



via economictimes



Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Thursday, May 30, 2019

Jim Rogers on Trade War, China stock exposure, Donald Trump

Jim Rogers is buying Russian and Chinese stocks

"Chinese shares have come down significantly from their all-time highs. There are some companies which have problems which is good but other companies other industries in China will continue to do well, no matter what happens. Chinese agriculture is a great place to be and the pollution clean up is a great place to be. You are going to see some bankruptcies in China in the next year or two. There are some good things in China, and some are bad." 


Could a US China US Trade Deal happen ?

"Yes it will because both sides need it and they both have expectations. So yes, there is going to be some good news coming out fairly soon and we will all be happy for a while. But it will not last very long because the next time the American stock market or the economy starts having problems."


President Donald Trump vs Rest of the World

"Mr Trump is going to blame that [stock market problems] on Asia and come out with more trade war not just against China but against Japan, Korea and everybody because Mr Trump in his heart thinks trade war is good. He is surrounded by people who think trade war is good. He thinks he can win a trade war. He does not know history, thinks he is smarter than history or both." 


President Donald Trump could benefit from studying History

"I know he[Trump] is thinking he is smarter than history and I doubt if he knows history. So, we will have more trade wars next year, the year after and that is why another reason the next time we have a bear market, it is going to be the worst in my lifetime. 





Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.



Tuesday, May 28, 2019

People don't seem to notice small problems

Jim Rogers warns of the upcoming disaster for Financial Markets via Economic Times

"It has been over ten years since we had a serious bear market in United States so all this is America history. I would suspect by the end of this year or next year I'll start but the situation these things always start small where people are not looking and then they work to the major markets and then you see them on the major news out but in 2007 Iceland went bankrupt but nobody noticed or cared, then bankrupt, then a few weeks later went bankrupt and a few weeks later Northern went bankrupt and then eventually Lehman brothers went bankrupt by then everybody knew there was the problem. But had so over a year and it has always worked that way. It starts when we are not watching. It has already started. Latvia collapse. Argentina, Venezuela, Turkey, some banks in India are having problems, Indonesia so it has already started the problems so. It has not made the news evening news yet. All these markets are small but markets are small and then made the big markets, people do not notice."




Jim Rogers co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.