Jim Rogers Buying Gold: Bull Markets Has Years to Go, and Will Go Much Higher

Commodity Fundamentals Are ‘Unimpaired,’ Rogers Says

By Nigel Stevenson and Brett Foley

Dec. 5 (Bloomberg) — The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.

“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”

The Reuters/Jefferies CRB Index of 19 commodities has plunged 53 percent from a record in July on concern that a global recession will sap demand for raw materials. The index almost doubled between

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Remember how rosy things looked yesterday morning, with the market shaking off bad economic news?nbsp; Well, that faded in the afternoon, and today, just rotten economic news is giving the markt its lumps. And yet gold is down despitenbsp;an apparent weakening trendnbsp;in the U.S. dollar. Look at a chart of the dollar ...brbrbrimg style=WIDTH: 490px alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/dollar.png _height=75 _width=75Maybe the dollar will be able to go higher, but it doesn't look good. So why is gold weaker? I talkeed to a Chicago broker about this late yesterday. He says too many speculators have been burned, and gold buyers are on strike until they get lower prices.brbrMeanwhile, the outlook for the U.S. consumer is awful. Here is a chart for Red-Hot Commodity ETFs subscribers ...brimg style=WIDTH: 490px alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/scc.png _height=75 _width=75This is a good area for a bounce in the SCC, and the fundamentals for consumers continue to be dismal.brbrSTRONGHere is ...

Remember how rosy things looked yesterday morning, with the market shaking off bad economic news?nbsp; Well, that faded in the afternoon, and today, just rotten economic news is giving the markt its lumps. And yet gold is down despitenbsp;an apparent weakening trendnbsp;in the U.S. dollar. Look at a chart of the dollar ...brbrbrimg style=WIDTH: 490px alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/dollar.png _height=75 _width=75Maybe the dollar will be able to go higher, but it doesn't look good. So why is gold weaker? I talkeed to a Chicago broker about this late yesterday. He says too many speculators have been burned, and gold buyers are on strike until they get lower prices.brbrMeanwhile, the outlook for the U.S. consumer is awful. Here is a chart for Red-Hot Commodity ETFs subscribers ...brimg style=WIDTH: 490px alt= src=http://local.content.compendiumblog.com/uploads/user/7e88b461-578b-47f3-88ec-038e212ad053/aa0ff38d-9bb9-44a5-bba5-8be30d8f6977/scc.png _height=75 _width=75This is a good area for a bounce in the SCC, and the fundamentals for consumers continue to be dismal.brbrSTRONGHere is ...

The $2.66 trillion municipal bond market is embroiled in the overall credit market mess, creating an unusual complex of risks and opportunities.

The supply-demand forces in the municipal bond market have been unfavorable in the past year, causing prices to decline.

click images to enlarge

The mutual funds in this table are Vanguard Admiral class.  The minimum investment is $100,000, but the expense ratio is only 8 basis points.  Their Investor class shares carry a 15 basis point expense ratio.  Either expense is lower than most alternatives.

Negative Forces on Muni Market:

Some of the adverse circumstances impacting muni prices and rates include:

Credit downgrades for municipalities Near-bankruptcy of the muni bond insurers Unwinding of muni bond positions by hedge funds deleveraging Failure of the auction rate muni market Rise in long-term muni issuance as short-term rates became burdensome Rotation from muni to Treasury bonds in flight from risk of all ...