Tuesday, October 28, 2014

Jim Rogers on Russia, US equities and commodities & Middleton on banks

Our lead story today is surveillance and the US economy. At a hearing in Palo Alto, California on Wednesday, Google’s Eric Schmidt made the bold claim that with the backlash against government surveillance mounting, “the simplest outcome is we’re going to end up breaking the internet. Erin Ade reports.

Then, Erin is joined by Veritaseum CEO Reggie Middleton to discuss bank security and the technology of finance. After JPMorgan Chase recently announced it had a breach involving some tens of million accounts, it is clear that financial services are vulnerable. Moreover, a lot of bank profit comes from fees these days, rather than interest income. Is that fee franchise under pressure? Middleton weighs in.

After the break, Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture, and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.

And in The Big Deal, Erin and Edward Harrison discuss the end of the bull market. Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10% and almost half of the Nasdaq is sown 20%, thus in a bear market, already. Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse. Take a look!

Saturday, October 25, 2014

Jim Rogers on Owning Gold and Real Assets

Famed investor and author Jim Rogers talks to Erin about the prices of gold and other assets in the midst of pressure on central banks.

Thursday, October 16, 2014

Jim Rogers Take on Alibaba

Investor Jim Rogers told Jackie Pang, the host of Hong Kong Phoenix TV, that as far as Alibaba stock is concerned, he thinks Russian market might be better choice for now....

Monday, October 13, 2014

Jim Rogers Still Bullish on Russia

Roger Holdings' Jim Rogers speaks with Maggie Lake about investing in Russia and other business opportunities.

Thursday, September 18, 2014

The Dollar Has Serious Long Term Problems

I own the dollar, since I expect more turmoil to come, and when it does, people will flee to the dollar because they think it is a safe haven. It is not a safe haven. In case of turmoil, and people flocking to the dollar, I would look to sell the currency as on a long-term basis. It does have serious problems.

I also own the renminbi and I am not selling it. I’ll buy more if it dips from the current levels. The fundamentals for the renminbi are less unsound. I also own the Japanese yen because a lot of people are negative on it. I do not own the rupee because India has big debt-related issues, balance of trade and inflation problems.

- Source, Jim Rogers via Business Standard

Tuesday, September 16, 2014

I Like Agriculture and Will Buy Gold if it Goes Lower

I own gold and I am not buying it now. But if there is war, yes! I would be buying gold if it goes higher. But I don’t expect so. I am looking to buy gold on a decline. I do not know how low. Gold has not had a 50 per cent correction in 13 years and that’s very unusual. If gold prices corrected 50 per cent (and that’s not a prediction) and slip below $1,000 an ounce, I would buy more. But I am not buying gold at the moment.

I prefer agri commodities at the moment because their prices are down and have been down from a long time, which is leading to fundamental distortion in agriculture. Inventories, worldwide, are near historic lows as we have been consuming more than we have been producing.

More, we are running out of farmers worldwide. The average age of farmers in the US is 58, it is 66 in Japan, etc. There are very few young people going into agriculture. The world is facing a serious problem as regards agriculture.

- Jim Rogers via Business Standard

Sunday, September 14, 2014

War Will Drive Oil Prices Higher

If war breaks out, there is no top for oil prices. Who knows how high it would eventually go? I don’t expect war anytime soon. But if it does happen, then one should definitely own all commodities, especially oil. Even without war, oil prices can move up, since oil reserves in most of the world are on a decline. The world is facing serious longer–term oil energy problems down the road.

- Source, Jim Rogers via Business Standard

Sunday, August 24, 2014

BRICs Developing an Alternative Banking System

To put together a competing world reserve currency and develop an alternative banking system, the BRICs might consider throwing India out of the equation, Jim Rogers said. India has been said to be the stumbling block in establishing the new world bank. “India and Brazil have big (national) debts. Russia is not a big debtor and has big international reserves,” Rogers noted, pivoting to Russian advantages in the interview. “Russia has a freely convertible currency and none of the others have a freely convertible currency.”

Jim Rogers thinks Russia should spend its time courting suitors in its own neighborhood, however. “If I were Russia I would be more interested in selling to Asia than South America.”

As reported two days ago in ValueWalk, the leaders of Russia, India, Brazil, China and South Africa are in meetings ending July 17 to bring together plans to create a $100 billion bank to compete with the World Bank and International Monetary Fund. The planed bank is a piece in a larger puzzle to provide a global alternative to Western dominance of the financial system. This has been a stated goal of Russia and China, both of whom have engaged in trade deals that eschew the use of the US dollar.

- Source, Value Walk

Friday, August 22, 2014

Brazil Wants to Compete with the US Dollar

Discussing the recent BRICs conference, Jim Rogers noted the steady drumbeat to displace the US as the world’s reserve currency of choice. “Brazil wants to compete with the IMF, the World Bank and the US dollar,” as do all participants in the BRICs conference, Rogers said when speaking on an RT interview.

“Brazil, China and Russia could easily put something together to compete with the US dollar,” Rogers said, leaving out one component of the BRICs alliance. “The US dollar is a terribly flawed currency. I’m an American. I hate to say that. But the US has serious problems, the world has serious problems. We need something else” and potentially a competing world currency could be developed. If this were to occur, the US and its economy might be put in a straight jacket as the ability to engage in large deficit spending could be curtailed.

- Source, Value Walk

Like this post? Subscribe to our free gold and silver newsletter