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 nearing 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.

Friday, June 21, 2013

Japan President 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 not easy

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

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.

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.

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.