See huge short positions developing in precious metals: Jim Rogers

Jim Rogers: I own the US dollar. So I hope they are right. It worries me that you say that there is turning out to be a consensus. I like to be on the other side of the consensus. My view is that we are going to have more currency turmoil in the world and during periods like that, many people flee to the US dollar. They think it is a safe haven. It is not a safe haven, but many people think it is. I expect more turmoil. Eventually, whether...

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Jim Rogers spoke at SKAGEN Fondenes New Years's Conference 2014

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Jim Rogers Prefers Silver to Gold, but won’t Buy either at the Moment

Jim Rogers : There are huge shorts that have developed in precious metals as you know. So they are overdue for a rally. We have had a big drop in 2013 and everybody got negative and everybody got short. So we are going to have a rally, though not too much of the rally. I am not going to either buy or sell that rally, but there will certainly be a rally.  Later in the year, things will go down again and hopefully finally, we will make a nice...

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Peter Schiff says bullish environment for Gold

Gold was going up faster than stocks in 2002, 2003, 2004, 2005... What did we have back then? We had a phony economic recovery that was generated by cheap money. Well, now we have an even phonier economic recovery generated by even cheaper money. This is a great environment for gold....

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Jim Rogers on Chinese government and world debt levels.

“When it pops, when this artificial sea of liquidity dries up, it’s not going to be fun,” he told Reuters TV. “But I don’t see any reason why it will stop anytime soon.” In suggesting where an investor could put money in stocks this year, Rogers noted the Japanese stock market is still 70 percent off of its all-time high (while the U.S. is currently hovering around an all-time high), and that a new law in Japan makes it tax-free to invest in...

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Marc Faber: Fed Policy Has Led to Global Problems

Jan.14 (Bloomberg) –- Marc Faber Ltd. Managing Director & Founder Marc Faber discusses fed policies and how they're creating a two-class system with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)  Faber said that, “It is interesting that that despite of all the money printing, bond yields didn’t go down.” Instead, the bottom for 10-year bonds was hit in July 2012, when they reached...

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How Warren Buffett Changed My Life

Jan. 10 (Bloomberg) --- Tequila Avion Founder & Chairman Ken Austin discusses his tequilas and how helping cut a deal with Warren Buffett changed his life forever. He speaks to Pimm Fox on Bloomberg Televisions' "Taking Stock." (Source: Bloomberg...

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Al Qaeda on the Trading Floor? ~ The Peter Schiff Show Thursday 01/09/2014

Al Qaeda on the Trading Floor? Kevin Freeman, author of the new book, Game Plan: How to Protect Yourself from the Coming Cyber-Economic Attack, on how economic terrorism played a role in the 2008 financial crash, how another economic attack is coming, and why hoarding gold isn't the answer for Americans looking to protect their finances...

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The Higher the Rate, the Greater the Downward Pull

"I'm known as a long term investor and a patient guy, but that is not my idea of a big move." "To understand why that happened, we need first to look at one of the two important variables that affect investment results: interest rates. These act on financial valuations the way gravity acts on matter:      "The higher the rate, the greater the downward pull. That's because the rates of return that investors need from...

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Soros' biggest bet ever

In November George Soros, John Paulson and Leon Cooperman, three of the most successful hedge fund managers ever, quietly participated in a rights offering and became major shareholders in Caesars Acquisition Co., a spinoff from casino company Caesars Entertainment that has ownership in Caesars' online gambling assets. Read more @ yah...

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George Soros says the next crisis in Europe will be political

The crisis has transformed the EU from the “fantastic object” that inspired enthusiasm into something radically different. What was meant to be a voluntary association of equal states that sacrificed part of their sovereignty for the common good – the embodiment of the principles of an open society – has now been transformed by the euro crisis into a relationship between creditor and debtor countries that is neither voluntary nor equal. Indeed,...

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George Soros : China becomes major uncertainty facing the world

The hedge fund manager George Soros wrote in an article published in Economia that it has become a critical issue facing the world as to how China will cope with tension between its continual fast-growing economy and the rising burden of major debts, and China's future direction will become the major uncertainty of the global economy.&nbs...

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Peter Schiff Show 01/03/2014 - Open Line Friday

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Buffett Missing Goal as Berkshire Lags S&P 500 Test

jan. 2 (Bloomberg) -- Berkshire Hathaway is poised to report that it failed to increase net worth more rapidly than the Standard & Poor's 500 Index during the past five years, according to analyst estimates. (Source: Bloomber...

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Marc Faber : “Well Done, Mr. Bernanke!”

In a little under four minutes, Marc Faber explains to Fox Business’ Dagen McDowell all that is wrong with the Central Planners ‘current plan.’ From a re-bubbled housing ‘recovery’ pricing real buyers out of the market (“homes do not offer a great opportunity today”) to forced-renters paying increasing amounts of their stagnant wages, and the small percentage of ordinary Americans who actually benefit from a rising stock market, reducing their...

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George Soros: China Is The World's Biggest Story Right Now

There are some eerie resemblances with the financial conditions that prevailed in the US in the years preceding the crash of 2008. But there is a significant difference, too. In the US, financial markets tend to dominate politics; in China, the state owns the banks and the bulk of the economy, and the Communist Party controls the state-owned enterprises. Aware of the dangers, the People’s Bank of China took steps starting in 2012 to curb the...

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Bernanke has set the stage for the Fed's collapse

“The US went up because people said, 'Now it's done, we don't have to worry anymore.' But somewhere along the line, markets are going to start suffering. They'll taper until the markets start hurting and then they'll panic and loosen up again. They've got themselves in a terrible box.” “It'll turn into a bubble or a very inflated situation, but eventually the markets will say, we're not going to take your garbage anymore, whether it's treasury...

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Warren Buffett's firm buying Phillips 66 unit

OMAHA, Nebraska (AP) — Warren Buffett's company has agreed to trade roughly $1.4 billion of its stock in Phillips 66 for one of the refiner's chemical businesses. Houston-based Phillips 66 said Monday that Berkshire Hathaway will give up about 19 million of its 27.2 million Phillips 66 shares to acquire a business that makes additives that help crude oil flow through pipelines. The exact number of shares will be determined by the price of...

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Peter Schiff Show 12/20/2013 - Open Line Friday

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George Soros takes stake in debt-laden construction firm FCC

Billionaire financier and philanthropist George Soros has bought a 3-percent stake in heavily indebted Spanish construction firm FCC from the group’s founding family. Last week, Esther Koplowitz, whose father founded the company, sold 3.8 percent of her majority stake for 15 euros a share, amounting to 72 million euros. Soros is the second internationally renowned investor to take a stake in the company in recent months, following Microsoft founder...

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Billionaire George Soros Bought This Texan Oil Stock

You have probably never heard of Midland. Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.  Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby...

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