Another good Jim Rogers interview courtesy of our friends at Hard Assets Investor. Jim shared that he is currently short stocks – in particular emerging markets and Europe:
Ludwig: What are you short right now?
Rogers: I’m short stocks.
Ludwig: Is that a broad type of shorting—say, index—or are you short particular sectors?Rogers: Broad-brush strokes—ETFs—like emerging markets; I’m short Europe.
And he’s waiting on gold:
Ludwig: So, in all this, what does gold look like? The rally’s still on, but it’s in a bit of a hiatus?
Rogers: Gold went up 11 years in a row, which is very unusual. I’ve never known any asset to go up 11 years in a row without a correction. It’s having a correction now. I would suspect that the correction will continue for a while. I’m not any good at market timing, but I’m not buying any gold at the moment. But if it goes down, I hope I’m smart enough to buy more—a lot more. I’m not selling my gold.
Full article at HAI: Jim Rogers Shorting Stocks While Waiting on Gold’s Sidelines