Wednesday, September 5, 2012

Jim Rogers September 2012: Prefers Silver Over Gold, Shorting India

by Brett on September 5, 2012

Two new Jim Rogers interviews hit the wires this week. ?The first, courtesy of Mineweb, saw Rogers cite the current commodity pullback as nothing more than a blip in the broader bull market:

This is nothing more than a blip. The bull market will continue until a lot of supply comes on stream and the problems since 2008 ensure not a lot of supply is coming on stream.

Rogers added that he likes silver more than gold at this point, as silver is farther away from its all time highs. ?He also anticipates China will begin to ease again. which could lead to another increase in inflation and real estate excesses in the Chinese economy.

Source ? Mineweb: Jim Rogers on recent commodity downturn

Silver, on cue, has broken out to the upside:silver price chart September 2012Silver breaks out (via StockCharts.com)

Next, India?s Economic Times asked Rogers for his take on QE3, emerging markets, and commodities. ?Notable points from the interview:

  • He believes the Fed?s potential announcement of QE3 is not important, as they are already printing money (as seen via the Fed?s balance sheet)
  • Rogers is short India
  • He reiterated his preference for silver over gold (though he is buying neither at the moment)
  • He anticipates that agricultural commodities will be the best performers in the sector

Source ? Economic Times: Jim Rogers Short India, Expects More Trouble in Eurozone

Hat tip Daily Crux for posting these links!


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Source: http://contraryinvesting.com/financial-gurus/jim-rogers-financial-gurus/jim-rogers-on-silver-ag-china-and-emerging-markets/

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Tuesday, September 4, 2012

Duncan death 'devastated' 'Green Mile' director

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By Kimberly Nordyke, The Hollywood Reporter

"The Green Mile" director Frank Darabont said Monday that he was "devastated" to hear about the death of Michael Clarke Duncan.

Michael Clarke Duncan rushed to hospital after cardiac arrest (report)

He was "one of the finest people I?ve ever had the privilege to?work with or?know," Darabont said in a statement. "Michael was the gentlest of souls -- an exemplar of decency, integrity and kindness.?The sadness I feel is inexpressible."

PHOTOS: Michael Clarke Duncan's most memorable roles

The actor died Monday at age 54, nearly two months after being hospitalized July 13 for a myocardial infarction, from which his rep said he never fully recovered.?Duncan's fiance, Omarosa Manigault, was with him in the hospital shortly before his death.

"The Green Mile" marked Duncan's breakout role, earning him both Oscar and Golden Globe nominations. In the 1999 movie, which starred Tom Hanks, he played soft-spoken death-row inmate John Coffey, who possesses extraordinary healing powers.

"Our?experience?making 'The Green Mile' together was immersive and incredible,?a?once-in-a-lifetime journey," Darabont said. "What sticks most in my mind was his?devotion?to his craft and the strides he made as an artist?during that time, which was?beyond inspiring to those?of us?who took the?journey with him.?Never has an?actor more richly deserved?the recognition of?an?Academy Award nomination?than Michael did for his performance as John Coffey."

PHOTOS: Hollywood's notable deaths of 2012

Duncan's other credits include the movies "Armageddon," "Sin City," "Daredevil," "Redemption Road" and "Kung Fu Panda." He most recently co-starred with Geoff Stults in Fox's "The Finder," a spin-off of Bones.

"Michael has left us far, far too soon," Darabont added. "We lost a great man and a great spirit today. My thoughts and condolences go out to his fianc?e, Omarosa, and to his family."

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Source: http://todayentertainment.today.com/_news/2012/09/04/13655255-green-mile-director-frank-darabont-devastated-over-michael-clark-duncans-death?lite

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