St Andrew Goldfields Ord STADF

Hold strong

[whipstockltd]

I found this on another board; Jim Rogers, US fund manager and in the eyes of many “investment guru”, said he is keeping the faith with commodities and will not sell, even in the event prices correct by as much as 30-40%. Speaking to CNBC-TV, Rogers said recent signs of weakness in the commodities complex could trigger an overdue correction, particularly in the likes of copper and zinc, but that they are still off their all-time highs when adjusted for inflation. “I can see that copper and zinc and a few things have gone straight up for a few months and they are certainly overdue for a correction. But one has to know that nobody has opened any mines in years and all the existing mines are depleted,” he said in an interview. “In Asia, India and China are growing. Some of these people may have to come up with lots of new mines very quickly because the world is running short of this stuff over the next decade,” he added. As for the dollar, Rogers was forthright in his views: “Sell it. Do not own the US dollar, it is a terribly flawed currency. We are going to see the demise of the US dollar currency in the next decade or so.”