Jim Rogers: "I would urge you to sell any sterling you might have."

[m22au]

you answered your own question

Quote from Nagelis:

what currency should be bought then? at present levels?

everything is crap right now, apart from gold.

 

[fhl]

gold's not really taking the hint yet, is it?

 

[just21]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apYPclI7kHas

Golden Sacks likes the pound.

 

[SethArb]

with all respect to the guru ...

I suggest that anyone who is making money these days

buy this device ... it has made me many :QUID: from trading

www.youtube.com/watch?v=v6BPuKaLel4

 

[ByLoSellHi]

Quote from m22au:

Jim Rogers' target for GBP/USD is below 1.05

If the pound falls to 1.05 against the USD, that's going to shake things up in many profound ways.

It was a very short time ago when the pound was 2.09.

 

[stock777]

Buy 1 pound get one pound free sale?

loololloloolloolloollolololoollo

 

[traderyin]

Rogers was right on FNM and FRE and he was right on C at $5. I don't know anyone make money fading his calls.

 

[stock777]

guess no one shorted china or commodes then.

Rogers Sat Here

 

[Nagelis]

Quote from fhl:

gold's not really taking the hint yet, is it?

exactly, it's disappointing.

you get long but it doesn't go anywhere and you end up with an opportunity cost.

leveraged players buy each time and get stopped, time and time again. eventually it will break higher and they will only recoup the earlier losses.


Also, let's not forget Rogers recommended to sell the $. But it has not stopped going up since then. Eur/usd was 1.60 remember, now it looks like we may have a go sub 1.2000...

 

[stock777]

Rogers is wrong often enough, and he always has that annoying bow tie thing going on where he thinks he is teaching a class of pimply college kids.