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Jim Rogers says the rally is over on CNBC
Posted on 12 May 2009 with no comments from readers
Veteran investment guru Jim Rogers has seen it all before and he is convinced the bear market rally is over and the dollar and bonds are doomed. That looks good for gold and silver, and other commodities.
Posted on 12 May 2009
Categories: Banking & Finance, Bond Markets, Gold & Silver, Investment Gurus, Oil & Gas, US Dollar, US Stocks, Video Channel

no Comments posted by readers:
Recently not only have the US markets rallied but Asia, Europe and the Gulf States have as well. I expect a pullback in the US but also have a strong feeling that the DOW will see 1000-1050 on the S&P 500.
Asian markets have rallied strongly as well in particular Taiwan and Hong-Kong recently off its lows. If the US market tanked then I am pretty sure oil prices will follow along with a big pullback for Gulf Indexes as well. If Gulf Indexes followed the rest of the world with a pullback then Dubai’s Index would come back to just over 1000-1100 points which would be a disaster for the UAE. Real Estate prices in Dubai would then set new record lows which would make a great entry point for buying provided that the government sugar coated their visa and residency policies for new investors.