Market Trends – Fri 13 Apr, 2012

Click download link to listen on this device: Download Show

Roger Wiegand

  1. On April 13, 2012 at 1:45 pm,
    Bob says:

    Jim Rogers says hes no longer buying gold as the price could get destroyed. Hmmm seems Jim has realized that gold is in a correction similar to the 1975-1977 period when it traded from $190 ($1900 this time) to $110 ($1100 this time).

    Get ready to be destroyed on your mining shares!

    • On April 13, 2012 at 3:57 pm,
      Alan in Vancouver says:

      Bob, with all due respect, take all these ‘experts’ comments with a pinch of salt. Jim Rogers is a great investor but he suffers from a bit of the Gartman syndrome when he is quite keen to talk down an asset that he is privately accumulating. Check out Gartman’s history for the numerous times he’s called Gold in a Bear market only to announce to the world several weeks later that he is a Buyer once again.

    • On April 13, 2012 at 4:25 pm,
      Marc says:

      Bob, with all due respect, what the heck are you talking about – and, if you know what you are talking about – then please explain yourself…I am patiently waiting for you to do a comparative analysis on that period in the 70’s to today….2012. Ok, the stage is yours and I am waiting with open ears and baited breath1 🙂 And BTW, no pot shots and please bring a fluent, concrete argument to the table.
      All the best,

  2. On April 13, 2012 at 2:02 pm,
    Jerry Mabie says:

    So what might we be looking at on silver? $20-25.00?

  3. On April 13, 2012 at 2:05 pm,
    Jerry Mabie says:

    This is strange coming from Rogers. He lives in China and has to be aware of the Chinese buying gold in large quantities. Makes me wonder if there is something else he is considering to cause the correction in gold.

  4. On April 13, 2012 at 2:50 pm,
    Jerry O^OTB says:


    • On April 13, 2012 at 5:30 pm,
      Marc says:

      Good to hear from you….and your capital letter comments1:)

      • On April 14, 2012 at 5:53 pm,
        Jerry O^OTB says:


  5. On April 13, 2012 at 3:11 pm,
    Mark Alan says:

    Hey Bob and Jerry Mabie.

    I wouldn’t put too much emphasis on what Jim Rogers is saying. Mr. Rogers has HUGE pockets and he NEVER CHASES anything. He has ALREADY purchased lots of silver in gold in the past, LONG BEFORE they began their bull trends. And Rogers has already said IN ANOTHER INTERVIEW DONE NEARLY TWO WEEKS AGO, that he would DEFINITELY buy more gold if it FELL BELOW $1600 AN OUNCE and silver if it FELL BELOW $30 an ounce! SO WHAT GIVES! this is two completely different opinions from the same guy. HE SAYS NOTHING ABOUT THE END OF THE BULL MARKET IN PRECIOUS METALS. he only states that this year COULD be the first negative year of negative performance for gold because “an asset that goes up for eleven years straight is HIGHLY unusual.” Plus you might want TO MAKE SURE that what he said has been misconstrued or edited to fit the feelings or beliefs of someone else writing the article. Like Bill Bonner who said back in October of 2011 that gold should fall to around $1200 an ounce and he “knows its coming”. Yeah Right! Another ‘guru” newsletter writer who loves to promote his trades and “secrets” because he knows the future.

    Also Jim Rogers had another interview about one week ago where he said exactly what I typed above. In another interview he did with Porter Stansberry on Stansberry Radio, he told Porter that “Oh Porter, I am never wrong.” Well, you should listen to what he is shorting – APPLE, PRICELINE, GOOG, MICROSOFT, and most tech stocks….and this interview was LAST YEAR IN 2011!!! He also thought silver should fall to $20 an ounce because he would buy A LOT MORE OF IT.

    Do your own research guys and make your own decisions because if you want emotions to control your investing, then your in for some SERIOUS PAIN.

    stay frosty

    • On April 13, 2012 at 3:14 pm,
      Mark Alan says:

      And I sure the heck can’t type or use proper English words today! Must be the caffeine.

    • On April 13, 2012 at 4:03 pm,
      Alan in Vancouver says:

      Mark, yes I think Jim has his own views on the world economies and privately does want to own more gold, he’s just hoping it goes lower than the $1600 he said he’d buy more at 🙂
      He does seem to have his biggest bet on agriculture just now and talks that sector up at every possible opportunity. So really because he’s hugely into agriculture, his focus just isnt on gold and silver particularly at this moment.
      The media loves to grab hold of random comments any successful investor has made and make a thing of it.

      • On April 13, 2012 at 4:11 pm,
        Mark Alan says:

        Hey Alan!

        The one question I have for Jim Rogers regarding agriculture is this: If he is so BIG into farming and agriculture, then why isn’t he buying the farm land? He is buying stock in food producers and the soft commodities themselves (futures) but for the most part there is a BUBBLE in farm land right now! Go look at Indiana and Iowa! holy Cow! It’s happening here in the central plains as well! Farm land that once sold for $1000 to $1200 an acre is now going for $1800 to $2300 an acre! And yet the price of diesel goes along with it! The ONLY way I can see a farmer getting rich is if he is smart enough to buy some good used equipment, convert his tractors to LNG, lease the farm land, and store his harvest himself. There are so many expenses in farming it just doesn’t pay. That is why most farmers raise livestock of some kind as well.

    • On April 13, 2012 at 4:17 pm,
      Stephan B. Feibish says:

      I followed Jim Rogers into Japan and made 40% in six months. I think I purchased EWJ !a year! after he “talked up” Japan. The really smart people I’ve followed have tended to be too early.

    • On April 13, 2012 at 4:28 pm,
      Marc says:

      Bingorama……Mark A.

  6. On April 13, 2012 at 4:04 pm,
    Mark Alan says:

    Here is even MORE BRILLIANCE!!! Wow! I wish I would have listened to this guy! NOT!

    • On April 13, 2012 at 5:28 pm,
      Marc says:

      Mark A.
      Is this guy the second coming of WBuffett. And when the total of all investment monies in gold and PM’s is 1%, I hardly called that a “bubble”. Good, these types of articles just ensure more bullish action here down the road shortly…….whatever, let’s see where this guy is in a few months down the road. But, it will be hard to get a hold of him by then – because he will be busy at the coin dealer buying gold and silver.

      • On April 13, 2012 at 5:52 pm,
        Mark Alan says:

        Evening Marc!

        I think Jim Sinclair has it right “We are at War with the cartel.” I have been following the PMs bull market for nearly 11 years but only really started paying attention to it back in 2005. I have NEVER SEEN SO MANY ATTACKS FROM THE MEDIA regarding gold. These guys are masters! the undertones and subliminal language that are in the reports are ABSOLUTELY stunning!! And it is working on those who constantly watch the “boob tube”. Right here in my small town, only two other people understand the importance of gold and silver, but one is still constantly fretting about the price action. Even the banker here thinks gold is stupid to own. He doesn’t believe that we are going to have the problems that many are predicting. Ahhhh….to be ignorant and happy….those were the days. LOL!!

        Stay frosty!

        • On April 13, 2012 at 6:51 pm,
          Marc says:

          You think that is bad…you should see my CPA blank stare me when he scans my investment portfolio or we discuss my bullion stuff. It is such a blank stare it almost scares me! I said….almost….Mark A…….almost! My “brother in law’ thinks I am over my head in the metals..oh well….what can I say! But, I am staying frosty, my friend. Oh, and BTW, you give another more fundamentally superior asset class and I am all ears….yep, that’s what I thought! (Not you – that is a rhetorical question :))
          I should have a James Turk tape to haul around so I can just let him talk to these people when they express dismay, and/or acute surprise with my views. All I have to do is press a button – wash, rinse and repeat.
          All the best,

          • On April 13, 2012 at 8:02 pm,
            Mark Alan says:

            Ditto Marc!

            I believe that Christ said it best; “A prophet is never welcome in his own country”. I can tell my family what to do but they just roll their eyes and snicker. They truly believe that the “gubment” can fix things and “everything works out in the end.” But WHEN SOMEONE OTHER THAN ME tells my family, they listen with ALL EARS. Also, the answers I get are; “Well, if you think you are doing so well, then how come you don’t live in a BIG, FANCY house, or drive a newer car?” UH??? Materialism is so alive it makes me sick!

            That’s a great idea Marc! Carry a tape of James Turk in your pocket! You’re pretty smart.

          • On April 14, 2012 at 5:56 pm,
            Jerry O^OTB says:


  7. On April 13, 2012 at 10:50 pm,
    Bruce in Ottawa Ontario says:

    On Jimmy Rogers…

    Don’t forget he was Soros’s partner…do you all remember that Soros was saying that he was selling gold about a year or so ago?…now I have been hearing that he is a buyer…
    Rogers is constantly saying “I’m the world’s worst market timer…so I just trade the fundamentals in commodities”…all of these market pundits are not “Gods” you know…look how many times they are wrong…all we know is that we are in a metals Bull Market…the fundamentals haven’t changed…and we have the “wind at our backs” over the long term…if you are playing this game for short to intermediate term gains…then you better learn how to read a chart!

    Personally, I am waiting until the summer to try and understand where the metals are headed in the intermediate term…we already had the PAGE cancelled (Google it if you don’t know what it is)…but there is supposed to be a new SILVER exchange coming into existence from Asia…also…Bart Chilton (Commisioner for the CFTC) has stated on more than one program, that come the end of June 2012…the CFTC has some new rules kicking in that are going to “impinge” upon all of the short selling nonsense…I am not holding my breath that things will improve…I am simply waiting to see IF these next developments that are supposed to take place actually do occur and then… if they do take place…to see what the “impact” will be on the metals prices.

    So between now and the end of the summer…I am “hoping” that we will see some positive effects take place with the metals and some of the manipulation stop…however…at my advanced age…I can’t be sure whether or not this is me thinking clearly in “real time”…or the onset of “dementia”…

    Happy in my own little world here…



    • On April 14, 2012 at 3:29 am,
      impeachemall says:

      With Rogers surely sitting on more than one truckload of cheaply bought metals in his vaults, I can’t fault him for exploring investment opportunities in Cambodia, Burma, and elsewhere. He’ll let us know how clever, strikethru, fortunate, he was, at least on the ones that will turn out wildly successful.

  8. On April 15, 2012 at 9:37 am,
    roger wiegand says:

    Jim rogers is a ver long term investor with very deep pockets. He is A total fundamentalist with good timing over many years. Those with smaller accounts have to trade or they die of old age before theY can make any money. The problem with trading is it’s getting more scary and faster with all the manipulation. It can be done but with using technicals and the right trading set-ups. EVERYONE SHOULD HAVE A SECOND HOME OF SOME KIND EVEN IF ITS JUST A SMALL APARTMENT IN A SMALL TOWN OR A SPOT WITH FAMILY ELSEWHERE FROM A CURRENT HOMESTEAD. SECOND, YOU NEED PHSYICAL COINS AND STUFF. STUFF IS THE THINGS YOU NEED TO GET THROUGH THE DAY RELYING ON NO OUTSIDE HELP FROM STORES FOR AN EXTENDED PERIOD. I WOULD BET ANYTHING JIMMY ROGERS HAS A FARM OR MORE THAN THAT, SOMEWHERE ELSE IN THE WORLD AND HE IS NOT OBLIGED TO DISCUSS IT. MR. ROGERS IS VERY SMART AND GOT DIVORCED FROM SOROS AND HIS COMMIE POLITICS YEARS AGO.- TRADERROG