JIM ROGERS BLOG: 05/09/11

Monday, May 9, 2011

I am staying with commodities and I am hedged with short stocks

"I am staying with commodities and I am hedged with short stocks" Jim Rogers in CNBC

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)

95% of the people are bearish on treasuries including me , don't short yet

And that may be why treasuries are so strong.? " it could be. it could be. there's something like 95% of the people who are bearish on treasuries including me. I would be short treasuries, except for that. thank goodness i'm not short. i said no, no, no, 95% of the people are bearish, don't short yet " - in CNBC

Greece is bankrupt

" Greece ? I don't even know what that is. Greece -- oh, Greece. don't worry, Greece is bankrupt, they're going to let them go bankrupt eventually. i don't know if it's going to be this month. but before the next year or two is over, they're going to default. " Jim Rogers in CNBC

I am long commodity stocks

"I am long commodity stocks. that's a secular bull market. let's suppose commodities go down. emerging markets are going to go down more, and i assure you the technology, i hope i assure you technology's going to go down more." Jim Rogers in CNBC

Jim Rogers explains his portfolio

" my own portfolio is , I am long commodities, I am long currencies,some currencies I am short stocks, I am short emerging markets stocks, things like he was talking about. and I am short technology stocks and the US " Jim Rogers in CNBC

every market has big fluctuations every year

"every market has big fluctuations every year. you look at any stock, and the difference between the high and low is 35% to 40%." Jim Rogers in CNBC

I am long the dollar because of too many bears

" Scott, it's actually because people like you and me are very, very bullish, bearish on the u.s. dollar. i'm terribly bearish on the longer term, even medium term and i know you are too. that's why I am long the dollar because of too many bears " Jim Rogers in CNBC

I actually own a few u.s. dollars , I know, it's embarrassing

" well, I actually own a few u.s. dollars , I know, it's embarrassing, isn't it? it's embarrassing, i know. but i agree that they probably will stop QE2, at least for a while. the dollar's been beaten down by everybody, everybody's bearish, including me, it should have a rally, so we'll see." Jim Rogers in CNBC

there's not enough oil, no matter what the CME or washington does

" it may slow demand down, yes, but there's also declining supply. the IEA, the international energy agency says the supply reserves are declining at the rate of 6% a year. do the arithmetic, supply is going down even if demand goes down." Jim Rogers in CNBC

the CME seems to have it in their heads they've got to make oil commodity prices going down

" it's going to cut demand for oil for a week or two. the CME seems to have it in their heads they've got to make oil commodity prices going down, they're worried about Washington or something. but in the end, it doesn't matter. if there's not enough oil, there's not enough oil, no matter what the CME or Washington does. " Jim Rogers in CNBC

we are in a major secular bull market for commodities

Jim Rogers : "..well, I own commodities. we're in a major secular bull market which has several more years to go. there'll be setbacks just as we saw last week, but don't worry." in CNBC

Kudlow - Jim Rogers Still Long Commodities 5/9/2011

Is now the time to leave commodities or do they still have room to run? Jim Rogers, Rogers Holdings Chairman; Richard Soultanian, NUS Consulting Group; and Scott Nations, NationsShares, discuss the world market outlook for commodities.

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 UK will need a bailout soon

" How can the UK ever repay the debt that is continually rising? The UK will need a bailout soon. You have the advantage that your debt is longer term but let’s assume the government keep to these austerity plans or really put them in place people will start to complain" Jim Rogers to CNBC

Oil will go over $200 eventually

Jim Rogers shares his views on oil with CNN : “… the current situation is certainly causing oil to go higher and oil will go over a $150 and it will go over $200 eventually. The problem is the world is running out of known supplies of oil – period. The IEA is going around pleading with people to listen that the world’s known reserves of oil are declining at rates of 4–6% a year. Figure it out – that’s simple arithmetic; we’re running out of known reserves of oil.”

China water problem

“If they [China] do not solve the water problem there is no China story,” said commodities guru Jim Rogers in an interview with South China Morning Post.

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.”

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)