An Unofficial Tracking Blog of World Famous Financial Gurus.
This blog tracks famous financial gurus' market commentary, investment ideas, video interviews and media appearances.
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13:49
Rogers International Commodity Index (RICI), managed by veteran investor Jim Rogers, will cut its weighting toward crude oil next year and raise exposure to natural gas, gold and silver, due to what Rogers termed "consumption changes". The shift in weightings of the RICI comes amid projections for higher US crude oil supplies in 2014, which some analysts say could further weigh on weakening prices.
US natural gas production is also expected to rise next year, although gas prices have been trending higher lately due to cold weather in key consuming regions of the country.
RICI's weighting for the West Texas Intermediate (WTI) crude, the benchmark grade for US oil, will be cut by 5 percent next year to 16 percent, according to Beeland Interests, Inc, the Rogers-controlled company that runs the index.
Source: http://www.brecorder.com/fuel-a-energy/193/1259881/
13:46
"In 1918 the UK was the richest most powerful country in the world. Within three decades they will bankrupt and they were bailed out by the IMF…it was not a pretty sight." - in RT
