Comments on: Jim Rogers On Russia and Ruble http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/#utm_source=feed&utm_medium=feed&utm_campaign=feed An unauthorized Jim Rogers blog Sat, 26 Jun 2010 14:16:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Admin http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-188 Admin Wed, 11 Feb 2009 19:21:40 +0000 http://www.allthingsjimrogers.com/?p=268#comment-188 "It’s just that he talks so often and has such a large audience who want to know what he is doing that when he says he is bullish people want to run out and follow his words. But you obviously can’t trade that way!" Spot on Mike. Keep in mind, not only can he not trade that way, there's also a legal risk behind what he or anyone on television says (i.e. Jim Cramer being another example). Other than that, definitely do your due diligence and build your positions slowly to average down if you plan to hold long-term “It’s just that he talks so often and has such a large audience who want to know what he is doing that when he says he is bullish people want to run out and follow his words. But you obviously can’t trade that way!”

Spot on Mike. Keep in mind, not only can he not trade that way, there’s also a legal risk behind what he or anyone on television says (i.e. Jim Cramer being another example).

Other than that, definitely do your due diligence and build your positions slowly to average down if you plan to hold long-term

]]> By: Mike http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-187 Mike Wed, 11 Feb 2009 19:05:42 +0000 http://www.allthingsjimrogers.com/?p=268#comment-187 Gables - you are absolutely correct on subscribing to Rogers' calls on China, commodities... First of all - due diligence is critical - Jim isn't out there telling anyone what they should be doing. Rogers certainly has the capital to hold on to positions that go against him. The key, in my mind, is at what level do you enter your position. And then using professional money management skills to manage your risk. Rogers wasn't buying oil or Ags or China in July 2008 - he was very clear about that. But the man was also very clear that he was long the Yen and short the banks and investment banks, so those certainly hedged his position. And personally, having read a tremendous amount of Rogers' writings, I believe he likely hedged his oil position. He has often spoken of "buy the panic, sell the euphoria" and oil was most definitely euphoric in July '08. Rogers was also predicting a severe recession, in which case oil demand always goes down... I like Rogers a lot - his analysis, in my mind, is spot on. And altho he talks about being a bad timer, I believe he is actually a pretty good timer. He recognizes inflection points very well, in my mind. It's just that he talks so often and has such a large audience who want to know what he is doing that when he says he is bullish people want to run out and follow his words. But you obviously can't trade that way! bEst of luck! Gables – you are absolutely correct on subscribing to Rogers’ calls on China, commodities… First of all – due diligence is critical – Jim isn’t out there telling anyone what they should be doing. Rogers certainly has the capital to hold on to positions that go against him. The key, in my mind, is at what level do you enter your position. And then using professional money management skills to manage your risk. Rogers wasn’t buying oil or Ags or China in July 2008 – he was very clear about that.

But the man was also very clear that he was long the Yen and short the banks and investment banks, so those certainly hedged his position. And personally, having read a tremendous amount of Rogers’ writings, I believe he likely hedged his oil position. He has often spoken of “buy the panic, sell the euphoria” and oil was most definitely euphoric in July ’08. Rogers was also predicting a severe recession, in which case oil demand always goes down…

I like Rogers a lot – his analysis, in my mind, is spot on. And altho he talks about being a bad timer, I believe he is actually a pretty good timer. He recognizes inflection points very well, in my mind. It’s just that he talks so often and has such a large audience who want to know what he is doing that when he says he is bullish people want to run out and follow his words. But you obviously can’t trade that way! bEst of luck!

]]> By: gables http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-186 gables Wed, 11 Feb 2009 18:15:30 +0000 http://www.allthingsjimrogers.com/?p=268#comment-186 Mr . Rogers is looking for a new currecy to invest in perhaps he should consider the" rogers dollar" like a reader said in one of these blogs....if anyone would have bought. chines stocks,commodities oil and the like in the past 12 months and he had to borrow...his situation would be not very pretty to day why then run down so many professionals in the business " critisize is easy...the art is difficult " Mr . Rogers is looking for a new currecy to invest in

perhaps he should consider the” rogers dollar”

like a reader said in one of these blogs….if anyone would have
bought. chines stocks,commodities oil and the like in the past 12 months
and he had to borrow…his situation would be not very pretty
to day
why then run down so many professionals in the business
” critisize is easy…the art is difficult “

]]> By: Mike http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-178 Mike Sat, 07 Feb 2009 21:27:38 +0000 http://www.allthingsjimrogers.com/?p=268#comment-178 I am really really liking the chart on the Brazilian Real.... I am really really liking the chart on the Brazilian Real….

]]> By: Admin http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-177 Admin Sat, 07 Feb 2009 18:27:17 +0000 http://www.allthingsjimrogers.com/?p=268#comment-177 Funny, the WSJ did a story on how a journalist is getting threatened by the Kremlin http://online.wsj.com/article/SB123397562521459749.html Funny, the WSJ did a story on how a journalist is getting threatened by the Kremlin

http://online.wsj.com/article/SB123397562521459749.html

]]> By: Mac http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-176 Mac Sat, 07 Feb 2009 17:39:06 +0000 http://www.allthingsjimrogers.com/?p=268#comment-176 yeah, it looked like Jim really did not want to answer the question of whether or not he was short selling. Being in Russia, with anti-Moscow sympthies being stifled regularly in the media, i could see why. As soon as he gets home he's going to start work on how to make money off of a crumbling Russian economy! This was a great set of videos. mac yeah, it looked like Jim really did not want to answer the question of whether or not he was short selling. Being in Russia, with anti-Moscow sympthies being stifled regularly in the media, i could see why. As soon as he gets home he’s going to start work on how to make money off of a crumbling Russian economy!

This was a great set of videos.

mac

]]> By: Alex http://www.allthingsjimrogers.com/2009/02/07/jim-rogers-on-russia-and-ruble/comment-page-1/#comment-175 Alex Sat, 07 Feb 2009 15:55:09 +0000 http://www.allthingsjimrogers.com/?p=268#comment-175 Great video! Jim will not say it directly, maybe because of security reasons at the time, but it is pretty obvious Jim expects the ruble to fall big time. Great video! Jim will not say it directly, maybe because of security reasons at the time, but it is pretty obvious Jim expects the ruble to fall big time.

]]>