Saturday, March 27, 2010

Jim Rogers: Speculators in Gold and Oil

Jim Rogers says gold and oil attracting speculators

Jim Rogers said in a recent interview with CNBC that gold and other precious metals have made some big upward moves since 2009 and for now should "consolidate and rest."

While reiterating he owns gold, he believes speculators have now entered the market for gold and oil, and for now he thinks it's best to sit on the sidelines while they do their speculating.

What does Rogers like at this time? "I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil," said Rogers.

1 comment:

Penny Stock Advisors said...

I agree with what Jim rogers says and I often invest based on his views. The commodities are doing well and increasing in the near future. Thanks for the information.