After a torrid year, the commodities markets showed some weakness is January. For example, gold fell by about 6%.

So is this a correction or finally a bear market?

Well, legendary investor, Jim Rogers, still thinks that commodities are the best place for your investment dollars (according to an interview on CNBC). No doubt, he has lots of credibility. When others snickered, Rogers started to invest in commodities in the late 1990s. He even wrote a book on the topic.

Continue reading Jim Rogers Is Still a Big-Time Commodities Bull

Jim Rogers Is Still a Big-Time Commodities Bull originally appeared on BloggingStocks on Thu, 27 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

Jim Rogers, chairman of Rogers Holdings, has long advocated fiscal conservatism. In a recent interview for CNBC, he told the U.S. to stop printing money, bite the bullet and go on an austerity program. His ideas are sound but are falling on deaf ears at the Federal Reserve. Rogers said that he would rather have Europe manage our fiscal policy.

We must remember that Fed chairman Ben Bernanke has already pledged and spent $12.8 trillion dollars to bail a handful of bankers. Now he says he will spend more if needed. He is already pumping money into the economy by buying treasuries with the proceeds of expiring securities.

Continue reading Rogers: U.S. Should Adopt Austerity Measures

Rogers: U.S. Should Adopt Austerity Measures originally appeared on BloggingStocks on Thu, 02 Sep 2010 13:00:00 EST. Please see our terms for use of feeds.

Ever since governments around the world started printing stimulus money, Jim Rogers, chairman of Jim Rogers Holding, has been bullish on commodities.

Rogers holds gold and would buy more. "I wouldn't think of selling," he said. "If gold goes to $1,000 per ounce or pick a number -- I hope that I'm smart enough to buy more."

Central bankers are buying gold, making gold an investment of choice among bankers around the world. Rogers does not believe that we've seen a bubble in gold. He believes that gold will appreciate over the next decade.

Continue reading No bubble: Rogers still bullish on gold and silver

No bubble: Rogers still bullish on gold and silver originally appeared on BloggingStocks on Wed, 16 Dec 2009 12:10:00 EST. Please see our terms for use of feeds.

Continue reading Inaction and a financial crisis don't mix

Inaction and a financial crisis don't mix originally appeared on BloggingStocks on Wed, 18 Mar 2009 16:40:00 EST. Please see our terms for use of feeds.

Armed with wit and logic, investment legend Jim Rogers made the case on Bloomberg TV that the United States government's bailouts of failed companies may thrust the global economy into a depression.

"The U.S. is taking assets from competent people and giving them to incompetent people. That's bad economics."

Rogers argued that American International Group (NYSE: AIG) should have been allowed to descend into bankruptcy, and he feels the same about similarly situated businesses. It just doesn't make sense to divert money from healthy, prudently-managed companies and plow it into debt-burdened companies that are being run badly at best and criminally at worst.

Continue reading Jim Rogers says bailouts run risk of depression

Jim Rogers says bailouts run risk of depression originally appeared on BloggingStocks on Tue, 17 Mar 2009 07:00:00 EST. Please see our terms for use of feeds.

Jim Rogers calls the United Kingdom 'finished' originally appeared on BloggingStocks on Tue, 20 Jan 2009 14:30:00 EST. Please see our terms for use of feeds.

Continue reading Jim Rogers: Dollar will be devalued, lose reserve currency status

Jim Rogers: Dollar will be devalued, lose reserve currency status originally appeared on BloggingStocks on Tue, 25 Nov 2008 13:40:00 EST. Please see our terms for use of feeds.

Jim Rogers warns of hyper-inflation originally appeared on BloggingStocks on Fri, 10 Oct 2008 14:51:00 EST. Please see our terms for use of feeds.

In his investment career, Jim Rogers has made some great calls. He is the co-founder of the legendary hedge fund, the Quantum Fund (which got its start in the early 1970s), where he made a fortune on commodities trades (his partner was George Soros).

And since the late 1990s, Rogers has yet again been a bull on the commodities market. In fact, he has written a book on the topic, Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

But, with the recent plunge in commodities, is Rogers changing his views? Nope.

If anything, he's bullish for the next ten years (this is according to a speech he made at an investor conference in Kuala Lumpur). Basically, the recent fall-off is a correction. And, expect many more (after all, this was the case during the 1970s).

Basically, Rogers thinks there will need to be a massive global recession to derail the commodities boom. And, he doesn't see any signs of this.

Interestingly enough, Rogers said he is considering investing in base metals again.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates MergerBook.com.

Famed investor, Jim Rogers, still bullish on commodities originally appeared on BloggingStocks on Sat, 23 Aug 2008 12:10:00 EST. Please see our terms for use of feeds.

Jim Rogers talks commodities originally appeared on BloggingStocks on Wed, 13 Feb 2008 15:46:00 EST. Please see our terms for use of feeds.

Jim Rogers predicts one of the worst recessions since WW II originally appeared on BloggingStocks on Fri, 01 Feb 2008 16:29:00 EST. Please see our terms for use of feeds.

The World Bank entered the increasingly-divided debate on where oil prices are headed Wednesday by announcing in its Global Economic Prospects 2008 report that oil prices will fall gradually through 2009 to about $75, then fall toward $50 per barrel, in the longer-term.

"In the longer term, the oil market balance is expected to loosen and prices are projected to fall toward $50 per barrel," the World Bank wrote in its report. Oil closed Wednesday down 74 cents to $95.59.

The bank said that because OPEC has limited spare capacity and is holding down production, oil prices will likely remain quite elevated and volatile. However, high prices and increasing environmental concerns should continue to moderate growth in demand.

The Washington, D.C.-based international bank said it sees finely balanced markets in 2008-2009, then rising upstream investment in oil producing countries (OPEC and non-OPEC) should result in new supplies that exceed the growth in demand.

Continue reading World Bank says oil prices to fall gradually through 2009 to $75

World Bank says oil prices to fall gradually through 2009 to $75 originally appeared on BloggingStocks on Wed, 09 Jan 2008 17:54:00 EST. Please see our terms for use of feeds.

For more on this supercycle, I recommend reading uber-trader Jim Rogers' work on commodities. Jim was, along with George Soros, the founder of the Quantum Fund. He has been pretty accurate with his predictions regarding hard assets and the ensuing demand/supply issues that are being exacerbated by demand from India and China. There's an insightful interview with him here that's really good reading.

From the interview: "Nobody has discovered a gigantic oil field for thirty years. That's not a theory; that's a basic fact. In the meantime, demand for oil has been going up for many years. That's not a theory, either; that's a simple fact. Likewise, there has been one lead mine open in the world for the past twenty years, and the last lead smelter was built in the U.S. in 1979. I could continue: the number of acres devoted to wheat farming has been declining for 20 years.

Continue reading Playing the commodities boom like the pros using ETFs

Playing the commodities boom like the pros using ETFs originally appeared on BloggingStocks on Mon, 07 Jan 2008 13:22:00 EST. Please see our terms for use of feeds.

Investor Jim Rogers sees worst recession in 'a while' originally appeared on BloggingStocks on Mon, 07 Jan 2008 13:11:00 EST. Please see our terms for use of feeds.

All this recession talk has not convinced me that we are destined to have one, and I see plenty of signs that 2008 might surprise to the upside. There are plenty of problems within the US economy, and I could make a case that there is a possibility that the economy might catch cold but remedies also exist. I see the cup as half full for the stock market. This is not to say that individuals will not have to deal with hard times, they will - but the market might shine. This can happen because the market is global.

Many widely followed investment icons have a different perspective, including renowned international investor Jim Rogers in the December issue of Fortune who said, "In my view, the U.S. economy is in recession. I know the government says we're not. But as I look around, we know that automobiles are in worse than recession. The same thing is true for home-builders. Much of the financial sector is in worse than recession. So many parts of America are in worse than recession, and yet the government says we're not in a recession. I don't know what's so strong that it's offsetting these major weaknesses in the American economy. I just assume that the government is lying."

I can agree that the government is lying, but I can't agree that the economy is void of positives. There is plenty that is going strong in the economy. The defense sector is going strong as I reported on recently Defense sector rolls over S&P 500 for 8th straight year and there is every indication this will continue.

Continue reading Serious Money: No recession in 2008

Serious Money: No recession in 2008 originally appeared on BloggingStocks on Wed, 02 Jan 2008 11:03:00 EST. Please see our terms for use of feeds.

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"A top speculative idea for 2008 is Calgary-based Penn West Energy Trust (NYSE: PWE)," says Jack Adamo, editor of Insiders Plus. "We would consider this stock a 'smart money' buy.

"Commodities guru Jim Rogers said four years ago that energy prices would go a lot higher and stay there longer than anyone supposed. We believed him, and loaded up on energy, with spectacular results. We're up 45% this year alone.

"The thesis still stands. Within five years Mexico, our second largest oil supplier, will be a net importer of oil. Prices will remain high.

"Penn West Energy Trust is out of favor because Canadian tax laws change in 2009, and it faces corporate taxes. But with the units currently yielding 15%, even a few quarters of lower payouts in a recession, and a 30% tax bite in 2009, the units will still yield near 10%.

"With its long-lived reserves, the company has good growth prospects to boot. Great for current income or long-term total return. Buy up to $33.50."

Best Stocks for 2008: Penn West (PWE) for total returns originally appeared on BloggingStocks on Wed, 26 Dec 2007 09:15:00 EST. Please see our terms for use of feeds.

I'm glad that I'm not the only one who is just a little miffed at the way that Fed chairman Ben Bernanke and his elite staff have chosen to handle our economy. My feelings fall pretty much in line with those of investment genius Jim Rogers. I listened to a short interview with him today on public radio. He pretty much confirmed my belief that the dollar could be going the way of the dinosaurs. For crying out loud, the Fed dumped about four tons of greenbacks on the financial system Thursday. Bank leaders such as Citigroup Inc. (NYSE: C) aren't generating enough profit to meet the demands of operation and to please the shareholders at the same time! What's the Fed going to do about the 80% profit decline at Wachovia Corp. (NYSE: WB)? A lower basis point for bank borrowing won't even scratch the surface of the cash shortfall. In fact, the lower the basis point the more it injures the bank's ability to make a profit on the loans that we need right now to salvage some home ownership scenarios from the mortgage debacle. How much more evidence do you need to realize we are living in a time of disastrous fiscal policy? We're lining up to make 1929 look like a cake walk.

Continue reading Sunday Funnies: Ben Bernanke, someone hates what has happened

Sunday Funnies: Ben Bernanke, someone hates what has happened originally appeared on BloggingStocks on Sun, 04 Nov 2007 09:10:00 EST. Please see our terms for use of feeds.

Jim Rogers is pretty much the man, and anyone who followed the advice in his book Hot Commodities has already made a bunch of money. But his latest comments on state of the financial world are not so encouraging.

Rogers said the fallout from the subprime mess has "got a long way to go'' in an interview with Bloomberg News. According to the piece:

"This was one of the biggest bubbles we've ever had in credit,'' Rogers, chairman of New York-based Beeland Interests Inc., said in an interview from Hong Kong. "I have been and am still short the investment bankers in America. I'm also short homebuilders.''

Uh oh. Jim Rogers is one of a handful of experts who really is worth listening to when he opines on macroeconomic issues, even if you don't like what he has to say.

The business world is anxiously waiting to hear what Ben Bernanke has to say, but Rogers' wisdom may be even more important for individual investors to heed.

Also on CNBC this morning, Jim Rogers said he did not support a Fed bailout of the stock market and said that while Bernanke is "not very smart," he hopes he won't make that mistake.

Jim Rogers: Bernanke isn't smart and real estate has a lot farther to fall originally appeared on BloggingStocks on Mon, 06 Aug 2007 12:58:00 EST. Please see our terms for use of feeds.

Back in the 1970s, Jim Rogers made a fortune on commodities investing. At the time, he was a part of the pioneering hedge fund, Quantum.

Well, once again, he's very bullish on commodities -- including oil.

But, isn't oil collapsing? According to a story in Bloomberg.com, this is just a correction.

In fact, Rogers foresees oil at $150 a barrel or more. Basically, he thinks it's inevitable.

His analysis is fairly straightforward. First, the demand for oil will continue to increase (especially with the emergence of India and China). And, there has not been a major new oil discovery in over 30 years.

Yes, it's a matter of global supply-and-demand.

But, you may not want to rush to buy. According to Rogers, a correction could easily last a couple years.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Jim Rogers: Oil to $150 a barrel originally appeared on BloggingStocks on Thu, 18 Jan 2007 13:05:00 EST. Please see our terms for use of feeds.