Jim Rogers

The Metal People are Dying For

The Metal People are Dying For

Maybe the weak are simply being weeded from the gene pool so the strong may survive… This theory might help explain why people keep electrocuting themselves to death, cutting into live power lines to extract copper. Stories of deaths related to copper thefts have been all over the news: Last summer, a 42-year-old Appalachian man died while trying to steal copper from a live power line. Charleston Daily Mail reported “American Electric Power says copper thieves are becoming increasingly brazen, and their tactics have resulted in four deaths so far this year in the Appalachian service region.” An Illinois man hit a live wire while scrapping for copper last fall and was electrocuted. Police said this is a recent trend, with similar activity in Granite City, Venice, Brooklyn, Washington Park, and Belleville. In October, a couple from Southern California attempted to steal copper from an electrical vault. The man was electrocuted to death; the woman suffered severe burns from attempts to pull the man from the vault when it exploded. And just last month , a man attempted cutting live copper wires with a bolt cutter. He suffered from electric shock and fell 30 feet from his ladder, later dying at a Charlotte hospital. I could go on, but I think you get the point. I guess these people aren’t bright enough to know that rather than risk electrocution, it’s easier to rob someone’s house and …

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Bernanke: “I Don't Understand the Gold Price” | Silver Bullion Bars

Gold , Silver, Bullion , Investing, Inflation, Hyperinflation, Peter Schiff, Marc Faber, Jim Cramer, Gerald Celente, Jim Rogers, Nouriel Roubini, Glen Beck, Barack Obama, Bernanke, stock market, stocks , Robert Kiyosaki, Jim Sinclair …

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Jim Rogers: Obama "doesn’t know anything about economics"

Filed in commodities, Gold, GOld juniors, inflation, Jim Rogers, obama, silver, US Dollar by on October 19, 2010 0 Comments

Here’s Jim Rogers again. This time he appeared on Fox News to talk up gold, silver and commodities among other things. Great stuff. Related Articles: Jim Rogers: $2000 Gold is a “Given” Jim Rogers on Oil and the US Dollar Jim Rogers on Gold, the Dollar, and Inflation Jim Rogers Warns the Dollar Faces a “currency crisis” Jim Rogers: “This is not going to solve the problem” To learn more about Wealth Daily click here Advertisement The Biggest Investment of the 21stCentury It’s called the smart grid… and it’s about to revolutionize the way we use our electricity. GE and Google have already committed billions to this technology… But a handful of “super-ups” are poised to dominate this $297 billion/year industry… Get their names and ticker symbols here. Jim Rogers: Obama “doesn’t know anything about economics” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Hoenig: QE2 Won’t Work

Hoenig: QE2 Won’t Work

As the biggest hawk on the meter, this one shouldn’t come as much of a surprise. True to from, Kansas Fed President Thomas Hoenig is no big fan of QE2…. From Reuters by Ann Saphir entitled: More Fed easing likely won’t help economy:Hoenig “Kansas City Federal Reserve President Thomas Hoenig, who all year has steadfastly opposed the Fed’s super-easy monetary policy, fleshed out his stance against further easing on Tuesday, saying it would do little to aid recovery and could spark inflation. The Fed has kept interest rates near zero since December 2008, and bought $1.7 trillion in mortgage-back securities and Treasuries to support economic recovery. Markets are pricing in expectations the Fed will move to drive down interest rates further to help boost the economy, restarting Treasury purchases as soon as next month in a new round of quantitative easing, or QE2 as it has come to be known. “We have to recognize that QE2, while a possibility, is not necessarily what we want to do given the benefits versus the risks,” Hoenig told the National Association of Business Economics. “At this point, with a modest recovery under way and inflation low and stable, I believe the economy would be better served by beginning to normalize monetary policy.” Expectations of further monetary easing in the United States have already pushed up currencies in countries from Latin America to Asia, prompting loud complaints. Hoenig, as one of the Fed’s most consistent hawks more concerned with the threat of inflation than unemployment, said the Fed needs to be mindful of such spillover effects. “We are not an island,” he said. “We affect other countries, they know that and they react to us, and therefore we are affected by our actions as it comes back to us.” Many analysts believe that the Fed has signaled so strongly that further easing is imminent that it cannot back down without disrupting bond markets. Hoenig took exception to that view, saying the Fed’s responsibility is to the broader public, not just the financial markets. “We have to do what we think is right – they have to adjust their policies accordingly, not us,” he said. In any event, he argued, further purchases of Treasuries would not drive down interest rates by much.” Is it me… or is groovy Ben about to drive the magic bus right off the cliff? Related Articles: Commodities are Poised to Head Higher The Greenspan Curse Jim Rogers: $2000 Gold is a “Given” Paulson Sees Inflation on the Horizon To learn more about Wealth Daily click here Advertisement The overnight comeback of North American oil This $4-a-share driller is the front-runner in a forgotten oil field that’s all of a sudden the hottest energy territory in the Western Hemisphere . Their new drilling technology is the key — here’s the proof that two-year gains of 1,239% or more await those who move fast…

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Hoenig: QE2 Won’t Work

Hoenig: QE2 Won’t Work

As the biggest hawk on the meter, this one shouldn’t come as much of a surprise. True to from, Kansas Fed President Thomas Hoenig is no big fan of QE2…. From Reuters by Ann Saphir entitled: More Fed easing likely won’t help economy:Hoenig “Kansas City Federal Reserve President Thomas Hoenig, who all year has steadfastly opposed the Fed’s super-easy monetary policy, fleshed out his stance against further easing on Tuesday, saying it would do little to aid recovery and could spark inflation. The Fed has kept interest rates near zero since December 2008, and bought $1.7 trillion in mortgage-back securities and Treasuries to support economic recovery. Markets are pricing in expectations the Fed will move to drive down interest rates further to help boost the economy, restarting Treasury purchases as soon as next month in a new round of quantitative easing, or QE2 as it has come to be known. “We have to recognize that QE2, while a possibility, is not necessarily what we want to do given the benefits versus the risks,” Hoenig told the National Association of Business Economics. “At this point, with a modest recovery under way and inflation low and stable, I believe the economy would be better served by beginning to normalize monetary policy.” Expectations of further monetary easing in the United States have already pushed up currencies in countries from Latin America to Asia, prompting loud complaints. Hoenig, as one of the Fed’s most consistent hawks more concerned with the threat of inflation than unemployment, said the Fed needs to be mindful of such spillover effects. “We are not an island,” he said. “We affect other countries, they know that and they react to us, and therefore we are affected by our actions as it comes back to us.” Many analysts believe that the Fed has signaled so strongly that further easing is imminent that it cannot back down without disrupting bond markets

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Jim Rogers: $2000 Gold is a "Given"

Jim Rogers: $2000 Gold is a "Given"

According to commodities guru Jim Rogers gold will reach $2,000 and ounce within the next ten years. Appearing yesterday, with CNBC’s Maria Bartiromo Rogers said: “Gold is going to go a lot higher over the next decade. It may slow down for a while because it’s run up so dramatically here in the last few weeks. But gold’s going to be much higher,” Rogers said. “Adjusted for inflation it should be well over $2,000 now. When I say something like it’s going to 2,000 in 10 years it’s not a very dramatic statement given the state of the world. I’m sure it’s a given.” He also sees another recession by 2012 and the existence of a bond bubble. His advice, naturally, is to buy commodities. In fact, Rogers told Maria: ”If the world economy gets better I’m going to make money in commodities,” Rogers said. “If the world’s economy doesn’t get better I’m going to make money in commodities, because (the Fed is) going to print money.” Related Articles: Jim Rogers on Oil and the US Dollar Jim Rogers on Gold, the Dollar, and Inflation Jim Rogers Warns the Dollar Faces a “currency crisis” Jim Rogers: “This is not going to solve the problem” To learn more about Wealth Daily click here Jim Rogers: $2000 Gold is a “Given” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Rogers: U.S. Should Adopt Austerity Measures

Rogers: U.S. Should Adopt Austerity Measures

Filed under: Market Matters , Personal Finance , Federal Reserve , Financial Crisis , Currency Jim Rogers, chairman of Rogers Holdings, has long advocated fiscal conservatism. In a recent interview for CNBC , he told the U.S. to stop printing money, bite the bullet and go on an austerity program. His ideas are sound but are falling on deaf ears at the Federal Reserve. Rogers said that he would rather have Europe manage our fiscal policy. We must remember that Fed chairman Ben Bernanke has already pledged and spent $12.8 trillion dollars to bail a handful of bankers. Now he says he will spend more if needed. He is already pumping money into the economy by buying treasuries with the proceeds of expiring securities. Continue reading Rogers: U.S. Should Adopt Austerity Measures Rogers: U.S. Should Adopt Austerity Measures originally appeared on BloggingStocks on Thu, 02 Sep 2010 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Jim Rogers: "They are printing too much money…"

Filed in commodities, Gold, Gold Market, inflation, Jim Rogers by on September 1, 2010 0 Comments
Jim Rogers: "They are printing too much money…"

Here’s the latest word from legendary investor Jim Rogers. As usual Jim is as bearish as ever and long commodities….. However, that is not to say Rogers is loading up on the short side. In fact, Jim says: “They’re printing so much money that I would not be short. I have no shorts. In most of my life, I’ve always had a short of 2, or 3, or 16… because I’m afraid they’re printing so much money that stocks will go to 20,000 or 30,000. Of course it will be in worthless money, but it could happen,” Roll the tape…. Great stuff, Mr. Rogers. But seriously, the Dow could go to 30K?? Related Articles: Jim Rogers on Gold, the Dollar, and Inflation Jim Rogers Warns the Dollar Faces a “currency crisis” Jim Rogers: “This is not going to solve the problem” To learn more about Wealth Daily click here Jim Rogers: “They are printing too much money…” originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Weekend Reading and Audio July 10

Filed in Gold Investing, Jim Rogers, john paulson, silver by on July 10, 2010 0 Comments

1. Interview with Rick Rule– Part 1, Part 2 Great interview where Rick discusses his view on oil (hint he thinks its going to $200), gas, and alternative energies.2. Jim Rogers says buy metals and rice–sell bonds.3. John Paulson fac…

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BP Oil Spill Boosts Nuclear Power

Filed in ceo, GOld juniors, Gold Market, Jim Rogers by on June 8, 2010 0 Comments

Looking like they have been dipped in chocolate, pictures of oil-soaked pelicans fill the airwaves. Along with angry fishermen and teary-eyed beachgoers, the BP spill has become the ultimate public relations nightmare. The problem is that, much like Freddy from Friday the 13th , the story of the cataclysm on the Deepwater Horizon is one that will never go away. From now until the end of time, the nightmare in the Gulf will never be forgotten. Meanwhile, Plan F — otherwise known as “the containment cap” — has virtually assured that the streaming video of the live feed will continue to gush into August until the relief well is complete. At its best, the cap only seems to be able to stop a fraction of oily spill. Everyday in between, however, the problem will grow and grow and grow— alongside the utter disgust of everyone in the Gulf and beyond. Advertisement Bigger Than The Internet GE calls it “the biggest investment of the first half of the century.” Cisco has claimed it’ll be ” 1,000 times bigger than the internet.” It’s called the smart grid. And it’s already generating fortunes. Click here to get all the details and claim your share today. As for BP p.l.c. (NYSE: BP ), the calamity is as close to worse-case-scenario as it gets; investors have knocked off some $58 billion in market cap from the company in the blink of an eye. Our own Analyst Adam Sharp has even suggested that BP could go bust as the worst oil spill in U.S. history puts the company on the very brink and sets offshore drilling in the U.S. back to square one after years of steady progress. The real irony of it all is that nuclear power will end up being one of the biggest winners in the great debate that will follow — even though the industry suffered through its own catastrophe only 31 years ago. Not so far removed from the towers of Three Mile Island, the nuclear power industry is about to melt up versus down as the BP-led chorus against fossil fuels grows louder and louder… BP oil spill boosts nuclear power That’s right… Even after scaring the daylights out of everybody in the late 70s, nuclear power is on a comeback trail of its own. Heck, even a scattering of “Greens” have gone nuclear. Greenpeace activist Patrick Moore, Gaia theorist James Lovelock, Greenpeace UK executive director Stephen Tindale, Friends of the Earth board member Bishop Hugh Montefiore and environmental icon Stewart Brand have all switched sides in the debate. For all of its potential faults, nuclear power is the one energy source with the scale to meet our needs that can still be considered environmentally friendly — especially considering the movement to reduce greenhouse gases such as carbon dioxide. Or as Duke Energy CEO Jim …

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Marc Faber, Jim Rogers Continue to Hold Gold

Confusion over the daily fluctuation of the markets based on little snippets and tidbits of news can drive even the most astute trader or speculator batty, but in the case of gold, investors and pundits like Marc Faber and Jim Rogers aren’t confused at all, and they both say they have no intention of selling their gold, and are always on the lookout for dips so they can acquire more.Without

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Jim Rogers: Gold Going Much Higher

Commodities investing expert Jim Rogers continues his mantra on being a bull for most commodities for the next decade or so, and he reiterates that position with gold, which he says will continue to be considered a safe haven again inflation from the weakening of paper currencies. With faith in fiat currencies continuing to weaken, gold has reached record levels against a number of currencies,

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