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Scary: Where is Jim Rogers?

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  • Fri, Jan 29, 2010 - 12:58am

    #1
    Davos

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    Scary: Where is Jim Rogers?

Scary when you have people like Mark Faber and Jim Chanos on opposite sides of  the fence.

Now Soros, who I really respect is saying that gold is in a bubble. Using Minsky’s 7 identifiers I don’t see that.

Where is Rogers?????

With a 70-30 vote adding a new cartridge to the printer and wit 120 trillion in debt I just don’t see how gold could be in a bubble.

  • Fri, Jan 29, 2010 - 02:55am

    #2
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

http://jimrogers-investments.blogspot.com/2010/01/us-dollar-there-are-so-many-bears-that.html

  • Fri, Jan 29, 2010 - 02:57am

    #3
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

When Soros says sell, he is buying.  He didn’t become a billionaire being stupid.  When Soros says to start buying…sell.

 

It’s similar to GS saying oil is going to $200/bbl then oil prices collapse.

  • Fri, Jan 29, 2010 - 03:02am

    #4
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

[quote=robie robinson]

http://jimrogers-investments.blogspot.com/2010/01/us-dollar-there-are-so-many-bears-that.html

[/quote]Thanks, it really drives me nuts when the best are no longer on the same page. I mean it really rocks the foundation. I’m sticking with my 4 g’s (5 if I count grub). Soros is a smart guy, but using Hyman Minsky’s what is a bubble guide I don’t see this as a bubble. Today the Senate with a 70-30 vote put the ink cartridge back in the printer. Gold might consolidate a bit more but – even though I hate to say it – I don’t agree with Soros. I’m sticking to my gut and Williams, Puplava, Faber.

  • Fri, Jan 29, 2010 - 03:04am

    #5
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

one more in the breach my friend…….

Bert Dohmen talks about the bear ralley. Dollar and gold.

January 27th, 2010

http://www.mcalvany.com/podcast/

  • Fri, Jan 29, 2010 - 03:16am

    #6
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

[quote=investorzzo]

one more in the breach my friend…….

Bert Dohmen talks about the bear ralley. Dollar and gold.

January 27th, 2010

http://www.mcalvany.com/podcast/

[/quote]The 9 minute point was interesting.

  • Fri, Jan 29, 2010 - 03:37am

    #7
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

PS This is a good read on it also:

The gold GLD ETF is the 4th largest holding at Soros’s hedge fund.

  • Fri, Jan 29, 2010 - 03:59am

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    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

For what its worth, I’m in cash at present, expecting the dollar to remain strong, and also for gold to fall in the months ahead. I’m certainly not selling any of the gold or silver I own, but am not buying at present, either. I don’t have any good source that underlies my reasoning, just a lose amalgam of a variety of sources and suspicions.

Still, I’m a married man, and I have become accustomed to being wrong a high percentage of the time…

  • Fri, Jan 29, 2010 - 04:14am

    #9
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

[quote=ccpetersmd]

For what its worth, I’m in cash at present, expecting the dollar to remain strong, and also for gold to fall in the months ahead. I’m certainly not selling any of the gold or silver I own, but am not buying at present, either. I don’t have any good source that underlies my reasoning, just a lose amalgam of a variety of sources and suspicions.

Still, I’m a married man, and I have become accustomed to being wrong a high percentage of the time…

[/quote]Ditto to the married part. Funny!

No, we are sticking to 95% gold and silver. Most was purchased earlier. We have little cash. Interest rates could go up, listening to FSN speak of the bond vigilantes but with the print cartridge back I don’t know if that will or won’t happen. I suppose if they turn 401k’s and IRA’s into GRA’s it could give them enough buyers of bonds for a while…But I have no faith in paper, equities or bonds. Which leaves just this.

Still it really, really, really bothers me to see Soros say this. Smart people should stick to the same page. 

  • Fri, Jan 29, 2010 - 04:37am

    #10
    Peak Prosperity Admin

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    Re: Scary: Where is Jim Rogers?

I agree, I can’t see this scenario working out for the fiat currencies of the world. Sure, they will go up and down against each other, but in the long run, I agree with Marc Faber, “We are doomed! Doomed!” The money printers around the world will print, that is what they do. I would rather be wrong in the short run, than wrong in the long run. The dollar’s just winning the ugly contest. 

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