November 26, 2014

Gold Has Not Had A 50 Percent Correction In years

Gold has not had a 50 percent correction in years, which too is unusual. That would be $960 per ounce. I'm not predicting it's going to go there. I'm just pointing out to you there's going to be another chance to buy gold and silver in another year or two or three, I have no idea why.

Related trading instruments: SPDR Gold Trust (ETF) (GLD), Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX);

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.

Great Short Term Traders

There are great traders. I try to differentiate between traders and investors. Roy Neuberger, whom I once worked for, was astonishing. I just could not conceive of how good he was at short-term timing and trading. Mike Steinhardt was an awfully good trader and timer of making investments. Mike might disagree, but I always viewed him as more of a trader than investor because he did have such a good sense of market timing. There must be plenty of guys, good market timers, short-term traders. 

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.

November 24, 2014

Recognizing Bubbles

One reason, other than the fact that I grew up in the backwoods of Alabama, that I could recognize bubbles is because I had read about them. I realized, 'Oh my God, they said the same thing in the '20s!' They said the same thing in previous bull markets, no matter where it was. 'This time it's different.' They're always talking about this new technology, or new genius or new methods. Just go back and read market history, economic history — history. I tell kids all the time that they should study history if they want to be successful at just about anything, because it has all happened before.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.