<TABLE cellSpacing=0 cellPadding=0 width=452 border=0><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published August 22, 2008
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Jim Rogers says commodities bull market will continue
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(BANGKOK) Jim Rogers, who in April 2006 correctly predicted oil would reach US$100 a barrel and gold US$1,000 an ounce, said a tumble in commodities from records represented a correction in a rising market.
'I don't see that it's the end of the bull market,' the chairman of Rogers Holdings, said in an interview here before speaking at an investor conference yesterday.
'Until either a lot of supply comes onstream or the economy collapses, the bull market will continue,' he said.
Soybeans, copper, platinum and crude oil have dropped from all-time highs after a rally in the US dollar curbed demand for raw materials as a hedge against inflation and concerns increased that economic growth will slow.
Sixteen of the 19 commodities in the Reuters/Jefferies CRB Index fell this month, after the index plunged 10 per cent in July, the biggest such drop in 28 years.
'I am contemplating whether it's time to get involved in metals again,' Mr Rogers, 65, said. 'I haven't bought any for awhile.'
Gold fell to the lowest since October on Aug 15, while platinum had the biggest intraday loss since 2001. Aluminium has dropped 18 per cent from a record on July 11 and Nickel is down 26 per cent in the past year.
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</TD></TR></TBODY></TABLE>Marc Faber, 62, who told investors to bail out of US stocks before 1987's so- called Black Monday crash said on Aug 15 that commodities may have peaked.
'Whether that is a final peak or an intermediate peak followed by higher prices, we don't know yet. It could go lower,' he said. - Bloomberg
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</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Jim Rogers says commodities bull market will continue
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</TD><TD>Feedback</TD></TR></TBODY></TABLE>(BANGKOK) Jim Rogers, who in April 2006 correctly predicted oil would reach US$100 a barrel and gold US$1,000 an ounce, said a tumble in commodities from records represented a correction in a rising market.
'I don't see that it's the end of the bull market,' the chairman of Rogers Holdings, said in an interview here before speaking at an investor conference yesterday.
'Until either a lot of supply comes onstream or the economy collapses, the bull market will continue,' he said.
Soybeans, copper, platinum and crude oil have dropped from all-time highs after a rally in the US dollar curbed demand for raw materials as a hedge against inflation and concerns increased that economic growth will slow.
Sixteen of the 19 commodities in the Reuters/Jefferies CRB Index fell this month, after the index plunged 10 per cent in July, the biggest such drop in 28 years.
'I am contemplating whether it's time to get involved in metals again,' Mr Rogers, 65, said. 'I haven't bought any for awhile.'
Gold fell to the lowest since October on Aug 15, while platinum had the biggest intraday loss since 2001. Aluminium has dropped 18 per cent from a record on July 11 and Nickel is down 26 per cent in the past year.
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'Whether that is a final peak or an intermediate peak followed by higher prices, we don't know yet. It could go lower,' he said. - Bloomberg
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