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Friday, May 14, 2010

No end in sight for commodity bull market: Jim Rogers:


Oil prices are on an indefinite path higher as dwindling supplies fail to keep pace with demand, while the latest European debt-crisis is the beginning of the end for the euro, influential US investor Jim Rogers said.
"If the fundamentals weren't right the price would not go up. Many people invested in commodities in the 1980s and 90s and didn't make any money because the fundamentals were bad, now people are investing and making money because the fundamentals are good," Rogers said.

"EURO WILL DISAPPEAR"

This month the euro has come under extreme pressure following a Greek debt-crisis that threatened to spread across the continent, prompting policymakers to make available a $1 trillion rescue package, which Rogers said could spell the end for the European currency.

"It was a terrible thing to do, it ensures that the euro will disappear some day because now it means anyone can do whatever they like because they're going to be bailed out
.


"I own the euro but after what they did the other day I'm having serious second thoughts. The euro will continue to corrode from within and someday we won't have a euro at all."
source:the economic times
http://economictimes.indiatimes.com/No-end-in-sight-for-commodity-bull-market-Jim-Rogers/articleshow/5927999.cms

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