Jim Rogers was quoted in Bloomberg yesterday and said the commodity bull has a long way to go. We here at the Real Deal like to follow the old adage of going where the smart money goes thats why we like Jim Rogers. This guy has made billions trading and he has been on this commodity supercycle theme sinec 1998-99.
“The shortest bull market for commodities lasted 15 years, the longest 23 years,’’ Rogers, 63, said in an interview. So if history is any guide, “they’ve got a long way to go.’’
“Supply and demand is terribly out of balance for nearly all commodities right now,’’ Rogers said in Singapore April 17. “This is not a bubble.”
“Nearly everything makes a new all-time high in a bull market,’’ said Rogers. He didn’t predict when gold would reach $1,000 an ounce”