Thursday, January 18, 2007

Jim Rogers sees opportunity in ags, oil

Jim Rogers spoke recently with Bloomberg News, voicing his continued optimism for overlooked agricultural commodities such as soybeans and cotton.

Rogers says he sees the most opportunity in depressed agricultural commodities, many of which are well below their inflation adjusted highs.

As for the metals segment of the commodities market, Rogers acknowledges that prices for copper and aluminum are at or near significant highs and that they will need to correct at some point.

However, he see a continued bull market for commodities and noted that metals such as copper could continue to move higher after undergoing a normal correction period.

Check out the video, and be sure to also check out Rogers' continued bullish call on oil, detailed in the article, "Rogers Says Oil Will Rise to $100 After `Correction'".