Jim Rogers, commodity guru who moved to Singapore last year from New York, was interviewed in Bangkok yesterday and asked about his outlook on commodities in light of the recent slaughter.
Bottom line: “I don’t see that it’s the end of the bull market,” Rogers replied. “At least not until a lot of supply comes online or the economy collapses.”
He did say that he is contemplating whether it’s time to be buying base metals again; he said hadn’t bought any for a while.
In additional comments, Rogers indicated that he is still optimistic regarding agricultural commodities and the economy of China. Tourism, education, infrastructure and power generation being among them. What exactly you do with that last piece of information, though, I’m not exactly sure - other than maybe buying cement, nuclear power related items, etc.
Naturally no one knows for sure, but a guy like Jim Rogers is probably a better observer of what’s going on in the East than someone who crosses the East River every day. A guy who up and moves to Singapore is putting his money where his mouth is.
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