Saturday, September 13, 2008

Jim Rogers: Bull Run in Commodities not over yet

Rogers said that commodity prices would continue to go up and that the bull run in crude oil prices was not over yet. He also expected prices of sugar, cotton and coffee to rise sharply. Rogers also remains pessimistic about the US dollar and opined that it would lose its position as the reserve currency of the world soon.Jim Rogers commented that trying to cut out speculators from the commodity futures trade would only decrease liquidity and will not halt a price rise as supply problem still persists.

Jim Rogers was speaking at the launch of a commodity-equity fund by Birla Sun Life Mutual Fund.

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