Jim Rogers: The Commodities Long Term Bull Market Continues
Silver prices have slumped to their lowest level since September 2010 and gold prices are down 18% year-to-date leading many market observers to declare that the super-rally in commodities is over.
Jim Rogers, the legendary investor and Chairman of Rogers Holdings, says the commodities bull market continues. He calls the latest slump in prices a correction. “I still don’t see massive new supply coming into the market which will keep prices down,” he tells The Daily Ticker.
Rogers correctly called the commodities bull market that began in 1999 and the housing slump of 2007-2008 well before either occurred.
See the full interview below:
Related tickers: SPDR Gold Trust ETF (NYSEARCA:GLD), iShares Silver Trust ETF (NYSEARCA:SLV).