Showing posts with label Jim Rogers. Show all posts
Showing posts with label Jim Rogers. Show all posts
30 January 2012
14 January 2012
Jim Rogers: US Govt to ‘Juice Up’ Economy in Election Year
Friday, 13 Jan 2012 09:01 AM
By Forrest Jones
The U.S. government will spend beyond its means and the Federal Reserve will print money to juice up the economy as part of an election-year popularity ploy, says international investor Jim Rogers.
"You have to remember two things — election in America in November, so you are going to see a lot of good news. Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election," Rogers tells The Economic Times, an Indian English-language daily newspaper.
"It happens every four years in America. They do their best to get the economy juiced up so they can win the election."
By Forrest Jones
The U.S. government will spend beyond its means and the Federal Reserve will print money to juice up the economy as part of an election-year popularity ploy, says international investor Jim Rogers.
"You have to remember two things — election in America in November, so you are going to see a lot of good news. Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election," Rogers tells The Economic Times, an Indian English-language daily newspaper.
"It happens every four years in America. They do their best to get the economy juiced up so they can win the election."
03 January 2012
The biggest hedge fund is long gold in 2012, Jim Rogers says gold headed to $1200/oz
NEW YORK (Commodity Online): Bridgewater, the biggest hedge fund in the world with $125 billion in investments, is long Gold for 2012. The fund is also positioned for stronger emerging market currencies in Asia and low yields in high quality government bond markets.
Barclays Capital and Bank of America Merrill Lynch (BofAML) also puts Gold price to average $2000/oz in 2012 with BofAML noting that the recent correction “was not necessarily driven by a broad-based reassessment of fundamentals."
Legendary investor Jim Rogers is bullish for gold over the long-term but in the short-term, he prefers to be bearish. "In my view, gold could go to $1,200-$1,300 (an ounce)... Gold has been up 11 years in a row which is extremely unusual in any financial asset, so gold is overdue for a correction”, Rogers was quoted by Reuters.
Barclays Capital and Bank of America Merrill Lynch (BofAML) also puts Gold price to average $2000/oz in 2012 with BofAML noting that the recent correction “was not necessarily driven by a broad-based reassessment of fundamentals."
Legendary investor Jim Rogers is bullish for gold over the long-term but in the short-term, he prefers to be bearish. "In my view, gold could go to $1,200-$1,300 (an ounce)... Gold has been up 11 years in a row which is extremely unusual in any financial asset, so gold is overdue for a correction”, Rogers was quoted by Reuters.
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