You are hereHome
Commodities bull market to go on, says Jim Rogers
Source: BI-ME , Author: BI-ME staff
Posted: Mon October 20, 2008 12:00 am

INTERNATIONAL. The commodity bull market will last longer as a consequence of the global financial crisis, Jim Rogers CEO of Rogers Holdings, told Commodity Online in an exclusive interview. 

”We have had eight or nine periods of forced liquidation over the past 100 to 150 years wherein everything was liquidated without regard to fundamentals. This is such a period,” Rogers said.

Rogers, said the commodities market is these days hit by the prospects of growth slowdown in countries like China and  economic pessimism in the US and Europe.

”Historically the things which have come out best on the other side are things where the fundamental have been unimpaired. Commodities are the only thing I know with unimpaired fundamentals,” he said.

”The cyclical demand for commodities may slow, but the secular supply will be badly affected so the commodity bull market will last longer and go further in the end,” he added.

"I have an enormous amount of cash and I've been using it to buy more Japanese Yen, more Swiss Francs, more agricultural products....There's a liquidation phase going on, where everything is being liquidated. They're selling everything in sight," Rogers said last week speaking on CNBC.

"In a period like this the way you make money coming out of it is to own the things were the fundamentals have not been impaired."

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 24, 2018
INTERNATIONAL. Digital Transformation Barometer finds better security needed to harness the positive potential of AI and mitigate risks of malicious attacks.
date:Posted: September 21, 2018
UAE. Analysts to explore AI developments and influence on businesses at the Gartner Symposium/ITxpo 2019, March 4-6 in Dubai, United Arab Emirates.
date:Posted: September 20, 2018
UAE. Research from Aruba and Ponemon Institute shows security teams view Machine Learning and network visibility for users and IoT devices essential for battling stealthy threats inside IT infrastructures.
dhgate