Finally we get to hear the opinion of Jim Rogers on oil. Normally when you have serious events like Japan, there is panic selling. The best thing to do is to typically wait a bit and then step into and buy into the panic selling. If you do that, then you should be able to do very well.
Normally the world does go on. Possibly this is the end of the world, but probably not. What is going on now could present some opportunities. The opportunities will be to buy things that have gone down in price.
If you are long, then you are losing. If you were short, then you are doing well right now. This event is improving the fundamentals of commodities. They are getting hurt right now, but this will prove to be a great buying opportunity for the long term in commodities, like copper. As far as the Jim Rogers on oil perspective, it is not a good idea to short it or uranium. They have already collapsed. You don’t want to short assets that have already collapsed.
