Investment Biker

And still they lead me back
To the long winding road
You left me standing here
A long, long time ago
--The Beatles

The always interesting Jim Rogers weighs in. Nothing super different vs the past. His thesis remains that governments around the world are printing gigantic amounts of money, which means people need to protect themselves with hard assets. Hard assets mean commodities--oil, ags, base metals, precious metals.

JR pretty much caught the low in commodities when he began buyin' 'em in 1999. Since then, commodities have had a 10 yr bull run that has gone largely unnoticed. Jim thinks they'll go higher.

One tidbit that did catch my ear was that, while JR is pessimistic on the dollar over the long haul, he senses overly bearish near term. Chart gazing, one can detect decent multi-year support on or around this level.

I've initiated a small position for a trade. At minimum, should be a decent hedge vs precious metals.

position in USD, gold, silver