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Just days to a selling climax in financial markets reckons Jim Rogers
Posted on 08 August 2011 with 4 comments from readers
Once George Soros’ partner, legendary commodities bull Jim Rogers sees a selling climax within four days and says he will then cover some or all of his short positions.
Rogers thinks gold and silver prices are too high but is not selling his holdings of precious metals and will buy more if the price goes down. He thinks more money printing by the Fed is inevitable.
Posted on 08 August 2011
Categories: Banking & Finance, Bond Markets, Global Economics, Gold & Silver, Hedge Funds, Investment Gurus, US Dollar, US Stocks, Video Channel
4 Comments posted by readers:
If my memory serves me well the FTSE 100 dropped to about 4200 in 2001 before Tony B Liar intervened with the monopoly money that has flooded the markets since then. It’s all been a farce since. Everything Tony B Liar was involved with was also a farce which will unravel in one unholy mess.
Hold on tight.
When asked when he was going to look at the trillions of debt held by Fannie Mae and Freddie Mac, on the ‘Morning Joe’ show on MSNBC TV, a representative of S&P said something like, “We will be issuing a report on them SOON.”
Get ready for a downgrade of trillions more debt as soon as Friday night.
Just think about how Germany is feeling right now.
Their “buffer” has been France . . . but France is about to see their sovereign debt downgraded. They can’t maintain a triple A rating at this point in the game. Other sovereign downgrades are coming, too.
Basically long term we are overbought and short term we are oversold. Faber thinks we are oversold as well.
http://www.youtube.com/watch?v=e5FXYTRmoL0&feature=relmfu