Pound Could Collapse Within Weeks, Predicts Billionaire Financier Jim Rogers

Pound was at 1.5150 a few hours ago, and 1.55 a week ago, 1.65 a month ago. Shorting the pound stories are all over Bloomberg, a bunch of investment seminar snake oil merchants are telling the dentists to short, it just puked 470 pips in a morning and it's the #1 topic on elitetrader which normally thinks a pound is something you lose each week on the Atkins diet.

If this isn't a successful contrarian trade then being a contrarian is officially the worst trading strategy ever.
 
Quote from romik:

I am kind of surprised MI5 haven't offed him yet and Soros for that matter. I would like to see Rogers try to talk down the Israelis. Mosad would be on his tail like a forehand on a tennis ball.
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Sounds like terrorism.
 
Rogers kept saying he would be selling his Dollars when it bounces, not surprised he is exploiting this rally to the full. It's also impossible to judge what the hell his plan is until after the fact. Open card poker anyone?
 
Quote from romik:

Rogers kept saying he would be selling his Dollars when it bounces, not surprised he is exploiting this rally to the full. It's also impossible to judge what the hell his plan is until after the fact. Open card poker anyone?
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Easy, long all the way back upto atleast 1.85 and probably 2, although it might take about 9-12 months for this to occur, but occur it will...

Get your longs keyed up folks. :p

9-12 months for 1.85

Could be a tough grind back to 2 dependent upon velocity.
 
UBS Report

The pound may fall below parity with the euro and drop to the lowest level against the dollar since the mid-1980s should the U.K. cut spending too quickly, Mansoor Mohi-Uddin, chief currency strategist at UBS AG, said in a Feb. 24 report.

Sterling slid to a nine-month nadir against the dollar last week, trading at $1.52. Zurich-based UBS, the world’s second- biggest currency trader, predicted it could fall “quickly back” to $1.05 or below.
 
Quote from WallStWhizKid:

Sterling slid to a nine-month nadir against the dollar last week, trading at $1.52. Zurich-based UBS, the world’s second- biggest currency trader, predicted it could fall “quickly back” to $1.05 or below.
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It's going to fall 33% "quickly"? Probably a typo :cool:
 
Quote from wavel:

Easy, long all the way back upto atleast 1.85 and probably 2, although it might take about 9-12 months for this to occur, but occur it will...

Get your longs keyed up folks. :p

9-12 months for 1.85

Could be a tough grind back to 2 dependent upon velocity.
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I'll take action against 1.85 GBP/USD. Feel free to PM. I can use some free money.
 
Quote from stock piker:

Jim Rogers is not even close to having a billion in net worth.
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jim rogers has, by his own admission, said he is not a trader. he has traders do the grunt work. he makes the macro decisions.
if he's in indonesia, he's well over a billion, if soros is worth $15B+.
duh.
and yeah, he's worth more than you will ever see in a billion lifetimes.
 
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