Monday, August 29, 2011

Commodity markets

Jim Rogers : They are moving at all-time high records. Do I expect gold to crash? No, I don't expect it to crash, although I see it coming down; Crude oil has come down quite a lot. I expect it to rally soon just like everything else. The world is running out of known oil reserves and unless we discover a lot of oil quickly, it will be all about how high it stays and how high it goes. Oil is going to be much higher over the years.

Jim Rogers is a bestselling author, financial commentator and successful 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).