Jim Rogers

When Jim Rogers Speaks . . . .

Jim Rogers is one of the kings of trading (though he probably thinks of himself as an investor).  So when he says something, the wise trader should at least cock their ear in his direction.

But the wise trader will also bear in mind that Rogers is Fundamentalist, and timing a trade on fundamentals has a way of requiring much more courage than this timorous trader can usuall muster.  So take a peek at what he has to say here, and if it makes sense to you remain on the lookout for some substantial Technical trigger before taking his advice (that’s my advice, at least).

 

Short US Government Bonds ‘Right Now’: Jim Rogers

Published: Thursday, 7 Feb 2013 | 4:53 PM ET
By:

With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC’s “Closing Bell,” he is shorting U.S. government debt.

“It’s all artificial what’s going on right now,” Rogers said. “The Federal Reserve is printing money as fast as they can. The Bank of Japan said ‘we’re going to print unlimited money.’”

He called the Fed’s monetary stimulus “outrageous.”

– Article Continues Below –


All that money printing has Rogers bearish on U.S. Treasury debt. He said he’s shorting government bonds and that if it’s indeed the end of the 30-year bond bull market, those shorts will pay off. In particularly he said it’s time to short long-dated U.S. government debt.

“Stocks may go up too, but I don’t know how this can last too long,” he added.

While Rogers is negative on the U.S. stock market and said he’s been short Apple since the fall, he sees better opportunities in Japan and Russia.

The Bank of Japan’s money printing is not good for the world he said, but it’s making markets go up. “The yen is collapsing, but the stock market is going through the roof,” Rogers said.

And while the Federal Reserve is also printing money through its quantitative easing program, Rogers noted that the U.S. equity market is flirting with all-time highs, while Japanese stocks are down 75 percent from their all-time high. . . .

See the rest of this execellent article here . . .

 

Friday, February 8th, 2013 Commodities, ETF, Jim Rogers No Comments