Monday, May 9, 2011

If anything turns into a parabolic move, you have to sell

Jim Rogers to CNBC “I hope that silver goes down for a while because it was turning into a parabolic move. Every parabolic move ends badly. I hope that silver and all commodities continue to go up with normal corrections along the way and in 5 or 10 years they’re going to be unbelievably high prices and then I hope I’m smart enough to sell if the bull market is coming to an end,” Jim Rogers, CEO of Rogers Holdings told CNBC in a discussion on commodities. He added: “If anything turns into a parabolic move, you have to sell.”



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