JIM ROGERS BLOG: 06/21/11

Tuesday, June 21, 2011

Few People Have Gotten Rich Off Technical Analysis

There are some who speculate mainly on the basis of commodity charts and technical analysis. They swear by various mathematical models and theories. Good luck to them. Frankly, in my experience, I`ve known few people who have gotten rich off technical analysis. - in his book Hot Commodities

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).

Bernanke and QE3

"I hope he doesn't come back with QE3 but that's all he knows. The only thing he knows is to print money." - in CNBC

I am not long anything in the U.S

"I am not long anything in the U.S." - in CNBC

We Have Troops In 150 Countries They’re not doing us any good

"We’ve got troops in 150 countries around the world. They’re not doing us any good, they’re making enemies. They’re costing us a fortune" - in CNBC

America Should Have Been Downgraded Years Ago.

They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about? - in India Economic Times

OPEC is running out of oil

OPEC always comes to a consensus verbally when it has public relations announcements, but they are always cheating on each other. I don't pay too much attention to OPEC, because OPEC is running out of oil just like the rest of the world. Don't waste your time watching OPEC; I guess you have to, because you have to have something on TV. But OPEC is not nearly the force it used to be. The market is much more important. - in Economic Times

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Bernanke to end QE2

"Bernanke says he's going to stop QE2...I take him at his word since he's said it so many times." - In Yahoo Finance

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)

India: An Astonishing Country To Visit, A Nightmare To Invest.

"India is an astonishing country to visit but as a place to invest, it's a nightmare." - in Recycling Today

I Assure You, China's Not Going To Be Communist Ever Again

As recently as 1907 America went bankrupt. The whole thing, Washington... J.P. Morgan had to step in and bail everybody out. China is going to have that kind of problem. Will it lead to an overthrow of the government? I doubt it, but let's suppose it does. They're not going to bring back Mao Tse-Tung. They're going to be throwing out the communists. Mao Tse-Tung's not coming back, I assure you. China's not going to be communist ever again. - in The Wall Street journal

Canada is a very attractive country

"Canada is a very attractive country these days for many reasons. They've done a much better job than the US has over the last 15 to 20 years." - in The Seattle Times

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I dont buy gold at an all-time high

I don't want to buy gold, it's at an all-time high. I'd prefer it to correct and go down and if it goes down and silver goes down, I'll be buying more. - in Economic Times

The Economy Will Not Recover Until We Accept Reality

"The US economy will not recover until we accept reality, stop spending money we don't have, go down to a lower level, and start over." - in GuruFocus.com

97% Of People Are Bearish On The Dollar

Because everybody's bearish, including me. I read something like 97 percent of people are bearish on the dollar. I am one of those 97, so I bought dollars. - in The Ratigan Show

Why Should The Germans Pay For The Greeks?

Why should a good, honest German taxpayer, a guy who saved his money, suddenly get a bill from the German government saying you have got to pay for some Greeks sitting on the beach drinking ouzo? That's absurd. - in Business Week

We Need To Cut Spending

“We need to cut spending, we need to get rid of the deficit, we need to do something about the madness of those people in Washington.” - in Bloomberg.com

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).

Greece is bankrupt we should recognize reality

Jim Rogers Interview CNN Money 20 June 2011, The legendary investor sees more troubling times for the global economy and says he is staying away from stocks for the foreseeable future. : "...Greece is bankrupt and the sooner we regognise that and do something about it the better , some of the politicians in Europe are just trying to push it down the road , eventually we gonna have to bite the bullet and some banks and bond holders are going to lose a lot of money , it's not the end of the world it is losses but it is not the end of the world .." "Take the losses, reorganize and start over " Jim Rogers added

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).