Quantum's Jim Rogers says US 'out of control'
Leo Lewis, Asia Business Correspondent
Jim Rogers - who co-founded the now closed Quantum Fund
with George Soros - told 750 global fund managers in Tokyo
today that, America is "completely out of control",
there will be a 20-year bull market in commodities
and that prices will be in turmoil.
And he also warned that it "made sense" if global
competition for resources ended in armed conflict.
Mr Rogers told delegates to the CLSA investment forum that
the prices of all agricultural products would "explode"
in coming years and that the price of gold, which hit an
all-time high of $964 an ounce yesterday, will continue
its surge to as much as $3,500 an ounce.
Gold would continue to rise, the analyst Christopher Wood
told fund managers, "because it is the exact opposite of
a structured finance product".
In a blistering attack on US monetary policy and the
"helicopter cash drop" responses of the Federal Reserve,
Mr Rogers described the American dollar as a
"terribly flawed currency".
business.timesonline.co.uk
Northgate NGX - has now free Liberty to get and sell for -
the full fair daily market value of the Gold market value -
exposed to set POG by commodity future exchanges -
for gold future price changes -
- On October 29, 2007, Northgate announced its proposal
to acquire
Perseverance Corporation Ltd. -
("Perseverance"), an Australian gold producer with two
fully-permitted gold mines.
The deal was approved by Perseverance securityholders and
closed on February 18, 2008.
- Northgate closed out its gold hedge book and is now
completely exposed to future gold price changes.
- Production of 41,467 ounces of gold
and 16.8 million pounds of copper
from the Kemess South mine.
- Quarterly gold net cash cost of $18 per ounce and
an annual net cash cost of negative $22 per ounce
of gold for all of 2007.
God Bless America
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
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