Saturday, April 30, 2011

Do not short uranium

If you are long, then you are losing. If you were short, then you are doing well right now. This event is improving the fundamentals of commodities. They are getting hurt right now, but this will prove to be a great buying opportunity for the long term in commodities, like copper. As far as the Jim Rogers on oil perspective, it is not a good idea to short it or uranium. They have already collapsed. You don’t want to short assets that have already collapsed. - Jim Rogers


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

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