November 4, 2008
Jim Rogers on the "Lost Decade" and the future of commodities, the dollar and treasurys
Long term, commodities and energy will do fine. Short term it'll be crazy. But the world is running out of oil and food, we have a billion people in China and India leaving poverty, and this story isn't over.
Look at FXI, TBT, GLD and DBA if you believe Rogers and have a long-term view.
(note - no position here, might later this month)
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10 comments:
keep up the good work keith.
http://finance.yahoo.com/tech-ticker/article/106634/The-Obama-Portfolio-%27Dirt-Cheap%27-Ag-Infrastructure-Stocks-Best-Positioned?tickers=MOT,POT,KBR,TAXI,ITB,IBB,FWLT
peak oil is real
regardless if gas cost $1 or $5
take your pick: $1 and 20% unemployment
or $6 gas and 6% unemployment
Cinch
Wow , I'm really pleased that you are going to continue Keith . The housing bubble was a one topic subject . Now you have opened up to many subjects that need to be explored . While the fallout from the housing crash will continue ,the time has come for America to face every problem that brought about the
the housing bubble to begin with .
The mass brainwashing of the sheep that took place during the Bubble needs to be addressed . What happened to the America where many points of view were published ? What happened to the check and balance system ? Are we ruled by the advertisers ? All I see is a bunch of brain-washed people running around .Bring back the America that was creative instead of brain-washing .
i was in gld and dba earlier this year and got out since they went down. now might be a good time to buy back in but i think all areas of the market will be going down further over the next 9 to 18 months. i also held dbo and dbb and sold these as well earlier this...made money on dbo and lost on dbb.
my feeling is that the only way to make some decent money in the market in the next 18 months is to trade, not invest. i've made some money doing this in october during some of the big ups and downs. i just don't see how you can make money with a buy-and-hold strategy over the next couple of years.
At the end of the interview... Jim says that we are in a period of forced liquidation [has only happened 5 or 6 times in past 150 years].
He indicates that this may contine for a few more months and that during this time it is causing major distortions across all markets.
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I am getting the feeling that when this thing is over, GOLD is going right back up and the USD is going right back down. Time will tell.
Rogers is a closet peakoiler...
he gets it keith...
really.
he knows.
NOW you know why housing wasn't squat??
glad you started another blog!
Wow. Jim said "the commodities markets hit 'a bottom' in October. I'm not sure when 'the bottom' is going to be."
Wow again. And the stock market hit a bottom today -100 points. It's gone up since then but I'm not sure how much "the bottom" for today will be.
So much useless double talk. Typical trader nonsense.
Also, he like most entitled traders today talk of Washington taking the correct action or it's going to screw up his day. Of course when the market's going well, it's just that he was a supra genius.
"Keep up the good work Keith."
Agreed. Keith, your blogs and all the discussions generated are maybe the most interesting and entertaining on the web, seriously.
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