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Dollar Rally Will End, Rogers Says; May Short Stocks

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posted on May, 13 2009 @ 12:16 PM
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Dollar Rally Will End, Rogers Says; May Short Stocks


www.bloomberg.com

May 12 (Bloomberg) -- The dollar’s rally is set to end in a “currency crisis,” investor Jim Rogers said, adding that he may bet on a slide in equities after nine weeks of gains.

The advance in the U.S. currency has been driven by investors covering their short sales, Rogers, 66, said in an interview with Bloomberg Television in Singapore. He may consider adding to his holdings of the yen and prefers the euro to the dollar or the pound, the investor added.

“We’re going to have a currency crisis, probably this fall or the fall of 2010,” Rogers said. “It’s been building up
(visit the link for the full news article)




posted on May, 13 2009 @ 12:16 PM
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Jim Rogers says the rally of the U.S. dollar will end, possibly by fall this year, or by next year. This seems to coincide with the webbot prediction, let's hope it doesn't happen, but when an investor like Jim Rogers says this, and he is moving towards other currency, it means many other investors will do the same, hence accelerating the devalue of the dollar even faster.

Lets hope it doesn't happen, but let's be prepared in case it does.

www.bloomberg.com
(visit the link for the full news article)



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