Continuing with his appearance with the media, Jim Rogers appeared on Gold. While most blogs and the media will focus on the $2000 price target, its important to emphasize the time frame, which is in the next decade. One thing I have noticed over the past couple of weeks, Jim Rogers is getting a couple more questions thrown his way on Sugar, which is hitting decade long high, but not all time highs.
“I own some cotton,” Rogers said. “I own some sugar,” he said. “Sugar will go much, much higher over the course of the bull market.”
“Oil could reach between $150 and $200 a barrel,” because known reserves of crude are declining, Rogers said. He said international relations, particularly between the U.S. and Iran, will help guide prices.
“Natural gas is very cheap,” he said in the interview between sessions at an ETF Securities Ltd. investor conference.
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October 8, 2009
Video Interviews