Sunday, July 3, 2011

Sugar is still something like 70% or 75% below its all time high

Jim Rogers : Yes, and sugar prices have come down from their recent highs. They are down almost 50%, in fact, but sugar is still something like 70% or 75% below its all time high. So silver is still very-very cheap on any kind of historic basis hikes, likely to go much-much higher over the course of the bull market. Whether it goes high or low this year, I do not know, but I do know that if the fundamental for sugar continues to improve, then we are going to see very-very high price some day.

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
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