<<I also see opportunities in commodities-- hugely important in the
global economy but now hopelessly out of fashion among U.S. investors. At the moment, the Bridge/CRB Index of 17 commodities
is at its lowest level since the late 1970s. I believe that in a matter of weeks, not months, worldwide commodities markets, including
the oil market, will make an important bottom. Commodity prices
established important bottoms in 1986 and 1992. This next one will
be in place as you read this, and it is the one in which to buy. Gold
probably won't have pride of place, as it did in the 1970s. Other
commodities will do better: oil, lead, rice, cotton, wool, and hogs.
And, oh yes, there's one other way to turn a negative investing
environment into a positive one: short selling. My two best candidates for applying this tactic are the U.S. financial community
and the Internet stocks. >>
For those that miss Jim Rogers, though it sounds like he may be a little more + on gold now that he ain't at CNBC.
worth.com |
