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    What Jim Rogers says on oil, dollar, agri-commodities and US equities

    Synopsis

    In an interview to ET NOW, Rogers said he would add more commodities on any correction, as he sees them offering huge opportunities in the long term.

    Jim RogersETMarkets.com
    The market veteran said he would prefer commodity ETFs instead of individual commodities.
    NEW DELHI: Commodity guru Jim Rogers on Friday said he expects stocks to rally and commodity prices to correct once the Russia-Ukraine war is over.

    In an interview to ET NOW, Rogers said he would add more commodities on any correction, as he sees them offering huge opportunities in the long term.

    Rogers said as long as politicians and bureaucrats tell us there is no inflation he would continue to believe there will be, as they never "get it right." He said very few central banks know what they are doing and suggested commodities as a way to protect wealth.

    The market veteran said he would prefer commodity ETFs instead of individual commodities. He wished to buy agri-commodities in the next bear market.

    Rogers said he does not expect central banks to raise interest rates much and believes the market will shrug off concerns about rate hikes. He said he would hold on to his crude oil bet as crude reserves fall.

    "It's not that there won't be any corrections along the way. There always are. We had a big correction a few years ago because of fracking, which turned out to be a bubble. We still have fracking and we still have energy. I don't like to buy when prices go straight up like last week but when things come down I would buy more energy," Rogers.

    Rogers said while he still owns dollars, he argued that an international currency is supposed to be neutral.

    "Washington is changing the rules. If Washington does not like you, it would put sanctions on you and you cannot use dollars. So many countries are looking for, and they should, for a competing currency. Washington does not play fair anymore. Also it has the largest debt in the world. For fundamental and political reasons, people are finding alternatives. I don't know what it would be," Rogers said.

    On equities, the US bull market started in 2009 and that the market is near the end of the bull run. Interest rates are lowest in history and inflation will go higher, he said, adding that he "would not add Apple stock now."

    Rogers said Indian real estate properties are very expensive and probably in a bubble, stating that he does not own property in India.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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