Jim Rogers on commodities
Commodities have been extremely volatile over the past one-week. Copper, aluminium, and zinc have all cracked under heavy speculative trading. On Wednesday, prices rebounded sharply, but only for a while, before slipping once again. Investment Guru, Jim Rogers says that all markets have big reactions and consolidations and it may be so with commodities as well.
But he futher adds that he will not sell any commodities even if they correct 30-40%. Rogers says that copper and zinc were overdue for correction. In his opinion, commodities may have peaked for the moment but will not stay that way for a decade. China is the only emerging market that Rogers is invested in. He is bearish on the US dollar and hence advises people to sell the dollar.
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