Jim Rogers -- Investment Biker Message Board

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Strategies & Market Trends : Jim Rogers -- Investment Biker

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To: John Slampyak who wrote (110)	8/13/1998 5:40:00 AM
From: craig crawford	Read Replies (2) of 213

>> He predicted the devaluation of the yuan, which would trigger a final selloff. Then he will jump back in. << Actually I'm not sure he predicted a devaluation per se. I think he just said that he expected another shoe to drop in Asia. He said it could be a number of possibilities--Indonesian default, yuan or Hong Kong dollar devaluation, etc. He did say that when this second shoe dropped it would be time to buy Asia. Looks like Mexico was down for the 9th straight day yesterday and the Ruble is starting to crumble. I guess Jimmy still has a few tricks up his sleeve, although commodities are really hurting. Jimmy was on the Crier Report the other day screaming "SELL!". He said if you want to buy something buy some raw materials or a basket case like Venezuela. Venezuela relies heavily on oil and has been decimated lately, down over 50% this year. Here are some quotes and graphs of the Venezuelan index plus the three companies traded as ADR's on the NYSE quote.yahoo.com

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