The latest from Jim Rogers, author of A Gift to My Children: A Father's Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.
With MF Global going bankrupt – which was a gigantic commodities firm – there was a lot of artificial forced liquidation of commodities. People have to sell whether they like it or not. It’s artificial selling right now.
This happened before in 2008, when Lehman and AIG went bankrupt, they were both huge in commodities and everybody had to sell. – in CNBC
ETFs, ELEMENTS Rogers Intl Commodity Index – Agriculture Total Return ETN (RJA), PowerShares DB Agriculture Fund ETF (DBA), iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL), Powershares DB Base Metals Fund ETF (DBB)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.