We’ve been covering a lot of Jim Rogers’ views on commodities and gold prices direction. In this interview with WSJ he says that only a crisis can fix U.S. debt issues; maintaining the stimulus package was “an absolutely wrong thing to do … We don’t have enough cotton in the world for Bernanke to print money”
“[If] you are broke, you have to deal with it,” referring to the U.S. economy.
He forecasts commodities will go higher. Gold could have a correction and it would be good for the metal. If it happens he will not be a seller but a buyer. He likes to see a healthy market where there is consolidations and rises for years.
Dollar will collapse and he does not see how it can be avoidable. “These are simple facts that have to be dealt with”. Short term he is a buyer though, part of a trading strategy.
He is shorting U.S. tech companies. Apple has done a great job but it does not mean other tech should go up.
See the video below:
