Monday, February 15, 2016

Commodities down due to US Dollar strength

When the dollar goes up, commodities are soft all over the world, no matter what the commodity is. I suspect you are going to see more of that. I am not buying gold yet. I am not buying anything — stocks, commodities or bonds for that matter. I am sitting and watching. I am short on the US and long on China. I would expect more problems, more turmoil and that would present opportunities eventually.

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