JIM ROGERS BLOG: 04/30/11

Saturday, April 30, 2011

Silver parabolic rise

"I certainly hope it doesn't happen because I own silver and want to buy more," Jim Rogers told Financial Survival Radio. "If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we'll have to worry. It's not parabolic yet". - 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)

Chinese shares

Jim Rogers , started buying Chinese shares in 1988 and is now favoring equities traded in Hong Kong and Singapore that are cheaper than yuan-denominated stocks in Shanghai. Hong Kong’s Hang Seng China Enterprises Index, which tracks the city’s so- called H shares, climbed 1.4 percent today. The CSI 300 Index, which tracks shares in Shanghai and Shenzhen, lost 0.9 percent.

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)

flow of capital

You need the free flow of capital to become a fully developed major world currency. That is a mistake the Chinese are still making - 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)

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

America is the largest debtor nation

America is the largest debtor nation the world has ever seen. 30 years ago, America was a creditor nation. There was massive immigration into the United States because this is where the opportunity was. Now, they are going to be going elsewhere.

Everybody needs outside ideas and outside capital. People have tried to close foreigners out, but it usually ends in bankruptcy and other problems. North Korea and Cuba have done that, and it doesn’t work.

Singapore is a great place to move to. If you are smart or have capital, then they want you. You can get along fine speaking English. Stay tuned for more of Jim Rogers latest comments - Jim Rogers

We are running out of oil reserves

We are running out of oil reserves, so oil prices are going to go up. People will use any other kind of alternative energy that they can find. Solar, wind, energy will become more competitive. Wind power is not competitive unless oil is at $80. Solar power is not competitive unless oil is over $100. People aren’t going to change the world unless they can make money. Few people who want to be altruistic have any meaningful impact on the world. - 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)

Bearish on Bonds

If the bond goes up another 3 or 4 points, I for one am going to sell it short.

I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest.

I mean the market is just going to give up. Once the Federal Reserve stops buying bonds I'm not sure who's left to buy bonds at that point. - Jim Rogers in Reuters Insider

Bullish on Gold and Silver

What has gotten people’s attention is that gold has been going up and up. That is the wrong way to invest. I own gold and silver, but it was five and ten years ago that they should have been buying gold and silver. Most investors don’t notice something until there is already a nice bull market underway. There will be more people buying gold, eventually everyone will own gold and then we will have to sell our gold. But that is a long way from now. - Jim Rogers in GuruFocus.com

Silver could reach 100 dollars - Jim Rogers

If it does there is a bubble and we will have to sell. That would be a parabolic move and all parabolic moves end badly. I hope it doesn’t happen because I own silver and want to buy more. I hope they continue to go up in an orderly way for another 10 years. If triple-digit silver hit this year I would be selling.

I worry about silver, not parabolic yet, I hope something stops it going up. I don’t know what could cause a correction, but you never know what could cause a correction. All parabolic bubbles pop.

Maybe the U.S. dollar becomes confetti and silver goes to 150 USD — that would be a U.S. dollar collapse. - Jim Rogers in GuruFocus.com

p>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)

Gold And Silver Will Be A Bubble Some Day

I remember when gold went parabolic in 1980; I shorted it in 1980. It eventually collapsed. Gold and silver will be a bubble some day as will all commodities but doesn’t think it will happen in 2011, likely a few years away. - Jim Rogers in GuruFocus

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)