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Commodity Guru Jim Rogers Updates Us on His Outlook for Specific Commodities and Currencies

May 30, 2013 | About:

Jim Rogers was interviewed by ET Now about his outlook on specific commodities and currencies.

Gold - The market has long been overdue for a correction. It had been up 12 years in a row which is basically unprecedented for any asset. He thinks gold will bottom after it scares a lot of people and then the bull market will resume.

Silver - If silver drops in price Rogers hopes he is smart enough to buy more. He currently isn't buying or selling but he clearly intends to own for the long term.

Oil - While shale is increasing in the North America, oil fields elsewhere in the world are declining. Rogers expects that people will be surprised at how high oil stays and how high it eventually goes. If there is a huge financial catastrophe oil prices will drop. If that happens Rogers thinks investors should buy aggressively.

US Dollar - Jim doesn't think the Federal Reserve has a clue what it is doing. He thinks Bernanke will want to leave when his term expires so he doesn't have to be around for the consequences of his easy money policy.

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