Well-known commodities investor Jim Rogers is undeterred by the recent selloff in hard assets. Bloomberg’s Rattaphol Onsanit wrote this morning:

Jim Rogers, who in April 2006 correctly predicted oil would reach $100 a barrel and gold $1,000 an ounce, said a tumble in commodities from records represented a temporary reverse in a long-term rally.

“I don’t see that it’s the end of the bull market,” the chairman of Rogers Holdings, said in an interview in Bangkok before speaking at an investor conference later today. “Until either a lot of supply comes on stream or the economy collapses, the bull market will continue,” he said.

The co-founder of the legendary Quantum Fund added:

“I am contemplating whether it’s time to get involved in base metals again,” Rogers, 65, said today. “I haven’t bought any for awhile.”

Onsanit pointed out other areas Rogers felt may have potential. He wrote:

Rogers, who moved to Singapore after selling his New York townhouse last year, said he was still optimistic about agricultural commodities and China’s economy, favoring the tourism, education, infrastructure, and power generation sectors.

Beijing Opera

George Iype of India’s CommodityOnline.com shed some more light on Jim Rogers’ latest investment outlook. Iype wrote earlier today:

The high oil prices and the pull back in some commodity prices on recession fears have not dampened Rogers’ enthusiasm for resources investments. “I am very bullish on metals and precious metals. Crude oil price will continue to rise, because there is a major demand-supply mismatch. Those who blame speculators for high oil prices do not know how the Futures market and oil market operate. Rogers is also upbeat on agricultural commodities. “I am bullish on opportunities in the agricultural commodities market. I am investing there now. The secular bull market in commodities will continue to go on now for some years,” he adds.

Sources:

“Jim Rogers Says Commodities Will Rebound After Drop (Update1)”
Rattaphol Onsanit
Bloomberg, August 21, 2008

“Why Jim Rogers is bullish on commodities”
George Iype
CommodityOnline (India), August 21, 2008

This weekend, Bloomberg reporter William Bi reported that legendary investor Jim Rogers is bullish on Chinese shares and currency. China’s stock market, the world’s fourth largest, surged from 2005 to 2007, but has plunged as much as 39% this year. According to Bi, Rogers told a seminar in Beijing on April 26 that:

“All my new money goes to commodities and China. All the panic looks like a bottom. I have bought in the last four to five weeks. I’ve been buying shares in China for the first time in a long time.

The Bloomberg reporter wrote:

Rogers said he bought shares related to tourism and education, which “in China will continue to be a major industry.” Other investments include those of airlines, water companies and agricultural producers, he said.

“China has a huge agricultural problem,” Rogers said. The “government is doing everything it can to revive the agriculture industry.”

The co-founder of the Quantum Fund with George Soros also spoke positively of the yuan (or renminbi), China’s currency. Rogers predicted the currency could eventually rise to 2 yuan per dollar, and said:

“Don’t sell your renminbi, because it will go a lot higher in the next 20 years.”

According to Bloomberg, the yuan has gained more than 4% against the greenback in 2008, after climbing 7% last year.

Source:

“Investor Jim Rogers Buys Chinese Shares as Market Hits ‘Bottom’”
William Bi
Bloomberg, April 27, 2008