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- Rogers continues to be bullish on agro-commodities and valuable metals as he believes that silver, particularly, has an extended technique to go
- He notes that copper and iron ore are in any respect time highs and says that when issues go straight up, they often appropriate for some time even when the bull market continues
Mumbai: Jim Rogers has some recommendation for these commodity merchants – Watch out of the commodities which have spiked very sharply, like copper. Commodities began their bull run someplace within the second half of 2020 and have continued the rally with extra gusto and span in 2021.
From gold, ferrous and base metals, the rally has moved and unfold to meals and agro-commodities. Jim Rogers says there may be extra upside in commodities however does warn of an impending correction.
“I count on a correction in most commodities. The basics are most likely sound, however they’ve all been going straight up. When issues go straight up, they often appropriate for some time even when the bull market continues”
An extended-time Gold bull, Rogers continues to reiterate his stance on gold and silver. “Silver is up loads, however it’s nonetheless down 50% from its all-time excessive. I count on silver to a minimum of double and gold too to make an all-time excessive earlier than that is over so I will probably be shopping for extra gold and silver a while later”, he says.
Meals costs and agro commodities too have been shifting up. Corn costs have hit multi-year highs, Lumber has surged to never-before-seen ranges. However Jim Rogers is most optimistic about sugar. “I proceed to be bullish on agriculture”, he says
Rogers additionally believes that power is an efficient purchase. “Crude oil is now making a sophisticated backside, it is a good place to be however not without end”, says Rogers as he does be aware that the EV increase will finally curtail oil costs. He additionally notes the restricted affect that OPEC does have on oil costs. “Oil costs extra impartial of OPEC than OPEC want to consider.”
All in all, Rogers says commodities is an efficient funding. “Commodities are the one asset class which are low cost on a historic foundation. I’d somewhat personal commodities than fairness shares”, admits Rogers.