Gus Lubin | May 7, 2011, 8:56 AM
Jim Rogers didn’t buy or sell anything during last week’s commodity sell-off.
He says he isn’t good at market timing. What he does believe is that we’re in the middle of a commodity bull market where everything will go up for years.
Rogers tells the Economic Times:
"5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes up, consolidates, goes up and consolidates for years to come. That is my expectation for all commodities.
"I have not sold any commodity. I own all my commodities. We are in a flexible bull market. I hope I am smart enough in the entire 15 years to realize when the commodity bull market is finally coming to an end, I am probably smart enough to sell. This commodity bull market will probably end in a bubble. Most bull markets and most sectors, whether it is stocks, real estate, whatever it happens to me, lands in a bubble. We are far-far-far from a bubble so far."
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