Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (8255)	2/28/2008 7:59:32 PM
From: Stoctrash	Read Replies (1) \| Respond to of 33421

Another Rogue Trader Strikes Futures broker forced to put up 6% of its capital to cover loss. By Liz Moyer forbes.com ================================================================== I suspect we're going to see more and more of this. Gold and Oil markets should blow someone up very soon.....just like wheat whipped this firm. ps...$125/brl next stop! 1100 Gold...!! Who believes? Jim Rogers goes all in below...I think he's right about a war over this too. Glad I've got bricks, food and land in Canada to escape to <GG> +++++++++++++++++++++++++++++++++++++ Quantum's Jim Rogers says US 'out of control' Leo Lewis, Asia Business Correspondent February 28, 2008 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”. He said that the plan by Ben Bernanke, the Fed Chairman, to “crank up the money-printing machines and run them until we run out of trees” had exposed America’s weakest point to her rivals and enemies. The dollar may have declined recently, he added, “but you ain’t seen nothing yet”. Talking to a room almost exclusively populated with Japan-focused equity investors, Mr Rogers recommended an immediate language course in Mandarin and a switch into commodities — the second-biggest market in the world behind foreign exchange. Mr Rogers said that historic drains on wheat, corn and other soft commodity inventories have created market dynamics that could lead to severe food shortages. The outlook over the next two decades would see prices of everything from cotton and sugar to lead and nickel “going through the roof”. Heavily playing down the prospects of a big recovery in Japan, Mr Rogers said that the country’s demographics — as the fastest-ageing country in the world — would cause it greater problems and an ever-diminishing quality of life for ordinary Japanese. But he also said that other countries — including Britain, Italy, China and the US — should take note of what their own demographics would look like without the effect of immigration. “Japan will be the perfect laboratory for the world to watch how a demographic crisis plays out,” he said.