Jim Rogers followers

wombat42_2

dunker1 and GucciMane you need to do more homework. The concept of a commodity supercycle i think was invented by Goldman Sacs. Jim Rogers is 66 and semi retired - he has already made his mega bucks over decades by successfully trading in commodities. His views are in line with that of the School of Austrian Economics and also Peter Schiff and Marc Faber. You cant accuse Rogers of trying to ramp up the market for his own benefit - no one person is powerful enough to ramp up the commodities market. He appears quite often in the media because people want to know his opinion. If his opinion kept proving wrong he wouldnt be invited back. He cant guarantee he will get loads of interviews - he has to be invited.

Incidentally my latest hot investment is Baring Global Agriculture fund:
http://www.h-l.co.uk/funds/security_details/sedol/B3B9V92
http://www.barings.com/ucm/groups/public/documents/fundfactsheet/033941.pdf

I think it is better than Eclectica Agriculture fund and Sarasin Agrisar fund.

As well as peak oil, we have peak soil and peak water.

See also
http://en.wikipedia.org/wiki/Jim_Rogers
http://en.wikipedia.org/wiki/Peter_Schiff
http://en.wikipedia.org/wiki/Marc_faber
http://en.wikipedia.org/wiki/Austrian_School

purch

....with the sound of a stable door slamming shut :eek:

Brown and Sarkozy act to tame oil speculators

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6670238.ece

purch

See also
http://en.wikipedia.org/wiki/Jim_Rogers
http://en.wikipedia.org/wiki/Peter_Schiff
http://en.wikipedia.org/wiki/Marc_faber
http://en.wikipedia.org/wiki/Austrian_School

I am certain that Von Mises would be spinning in his grave if he knew how his theories were being spun and !!!!!!!ised by such right wing nutters as Schiff and Faber !!!!!

wombat42_2

purch wrote: »

I am certain that Von Mises would be spinning in his grave if he knew how his theories were being spun and !!!!!!!ised by such right wing nutters as Schiff and Faber !!!!!

You cant dismiss them as nutters as they were one of the few who predicted the crash.

cloud_dog

I think this thread (read Dunker1) is confusing two distinct aspects.

The ramblings of Jim Rodgers and the concept of a commodities supercycle.

In reply to dunkers own ramblings.......

1) I don't really pay attention to the ramblings of people
2) I do believe in the fundamentals of the commodities supercycle
3) I am very happy with my resource based investments and trading (and am looking for more trading/investment opportunities, and the end of the summer lull).

cloud_dog

tradetime

Sounds to me like "somebody" put money to work based on Jim Rogers' rants and got burned. The market is full of pundits tipping the next big thing, why waste effort starting a thread to abuse this one, or anyone for that matter.
I'd have to say in fairness to Rogers, even though he gets on my nerves, he has said in at least a few interviews I've seen, people shouldn't invest in things they don't understand. Big boys rules for big boys games.

sabretoothtigger

Rogers is just a contrary investor I think, if he says shares are secular bear now and commodity is secular bull then he's probably right but unless you got alot of money then everyone else has to wait and see

Nothing that complex that these people say just they are choose the other side of the deal, better to be the bookmaker then the better because the odds in your favour and thats what these guys do.
What commoditys will allow is for the 'power' in a deal to reside with the seller or owner of these assets hence good odds where as before the profits were with the innovator and how people developed the raw asset into something mattered most.

We cant turn 2 billion chinese and indians into a modern economy without concluding on a very basic level this development will be all about well run mass production not so much innovation.

I think these guys call out basic fundamentals like this unlike government which disorts and ignores the blatently obvious for politcal reasons, a true trader has no personal opinions and these two factions are naturally diametrically opposed

Sounds to me like "somebody" put money to work based on Jim Rogers' rants and got burned.

Very easy to do, theres two parties to every deal & unless people invest with an understanding of both then its gambling and if these guys are typically fighting the entire market then you need a flak jacket to stand alongside them. I cant afford one personally


If you wanted to use these guys as tipsters then Faber is probably the best one, he called the recent rally. Schiff didnt see the dollar rebound but faber did and so on
Unfortunately faber has a thick foreign accent and tends to ramble on giving his full thoughts in any answer, by the time he gets to the golden bit of analysis you are probably staring out the window thinking whats for lunch

Interesting bit about Faber is he from the firm that setup the worlds biggest junk bond trader, ie. the famous film 'wallstreet'
Obviously they went broke and he is long term independent afaik

wombat42_2

Rogers, Schiff and Faber are not a lot different than much of the mainstream thinking. I think it was Goldman Sacs who worked out the Commodity Supercycle concept which Rogers, Schiff and Faber go along with.

It is also a mainstream concept that thanks to supply destruction we will have an elastic band effect when we come out of the downturn. For example I watched a JP Morgan analyst on Bloomberg yesterday saying that oil is very likely to spike to $200 per barrel in 3 to 4 years. It is also a common mainstream opinion that we will get an inflation overshoot in a year or two. It is also mainstream opinion that the dollar will follow a secular decline.

All the above mainstream opinions are pretty much in line with Rogers, Schiff and Faber except that they tend to take it a stage further and warn of the dangers of hyperinflation rather than just inflation.

It is Hugh Hendry is a true contarian and people like him are very much in the minority

Incidentally do yourself a favour and invest in Ags..

wombat42_2

sabretoothtigger wrote: »

Interesting bit about Faber is he from the firm that setup the worlds biggest junk bond trader, ie. the famous film 'wallstreet'
Obviously they went broke and he is long term independent afaik

He is Swiss
http://en.wikipedia.org/wiki/Marc_Faber
and i dont find any problems in his articulation. In some ways he is more radical than Rogers and Shiff as he says he is 100% certain we will get hyperinflation eventually in few years time. He also said the US seems to have been following the Zimbabwean School of Economics.:D Rogers and Schiff only claim there is a danger of hyperinflation.

sabretoothtigger

schiff is raising money to campaign as Connecticut senator btw