Friday, February 06, 2009

Jim Rogers on Upcoming Opportunities in Currency Markets

Jim Rogers, doing some "stand up" commentary on upcoming opportunities in the foreign currency markets:
  • Expects the Japanese Yen to rise another 10-15%
  • The current dollar rally is a forced short covering - not a flight to safety
  • We are going to have "many, many, many" more currency problems this year
  • Owns the Euro, Swiss Franc, Norweigan Krona, Danish Krona, Swedish Krona, Japanese Yen, Chinese Renminbi, Singapore Dollar, Australian Dollar
"Do prepare yourselves, because there are going to be spectacular opportunities in the currency markets as these currency prices unravel in the next year or two."

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