Friday, May 6, 2011

We will have dips in oil prices

" We will certainly have dips (in oil prices), we will certainly have consolidation, I hope we do. If oil goes into a spike, if it goes parabolic, you have to sell it" - Jim Rogers





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)

Silver went up much too fast

Silver went up much too fast, and if it continues to go up, that’s disaster, - 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)

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

"I do know that silver went up 25 percent in a month and that can’t last so that’ll have to come down," "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," : "If anything turns into a parabolic move, you have to sell." - Jim Rogers in CNBC

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)

The ECB doing a better job than the FED

"..... the European Central Bank is doing a much better job than the American central bank. I wish the European Central Bank were running the American central bank, the world would be better off if that were the case, because nobody has ever benefited in the long term by debasing your currency. - Jim Rogers in CNBC

Rice Is Still Depressed

I do see that rice is still depressed over past few years, but that is not enough to make the jump and then do anything. I see that silver is down 7% or 8% today, but silver was down before Osama Bin Laden got killed. Silver is actually correcting since last week. So I do not see anything at the moment that is even worth my appetite. - 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)

commodity currencies might correct

If commodities go down, commodity currencies might well correct too. The Australian dollar, the Canadian dollar, but I am not thinking about selling any of my bonds, currencies that are based on commodities. - Jim Rogers

a pull-back in Silver

Jim Rogers : I hope we have a pull-back, I hope it goes down for a while, it’ll be good for the market. In 1987 stocks went down 30 to 40 percent, smart people went in a bought more. If it goes down I hope I’m smart enough to buy move silver.

Where is the oil ?

Jim Rogers : Where is the oil ? I still want to know where is the oil? You know why the price of oil is going up? Because there is no oil. in CNBC

I’m not thinking about selling the Euro

I own the euro, I’m not thinking about selling the euro for fundamentally good reasons. The ECB is doing a much better job than the US central bank. - Jim Rogers in CNBC

Oil reserves in decline by six percent a year

Jim Rogers : The International Energy Agency "has come to the conclusion that the world's oil reserves decline by six percent a year and that is an argument for the rising price of crude.

Say they don't decline by six percent, say they decline by four percent. That means in 25 years there's no oil at any price.

At 300 dollars per barrel they would be drilling for oil under Buckingham palace. in CNBC

JIM ROGERS BLOG