Showing posts with label finance guru. Show all posts
Showing posts with label finance guru. Show all posts

Tuesday, August 7, 2012

Jim Rogers: If you’re worried about evil speculators making money, go to the field and drive the price down

The prices of corn, soybean and other basics skyrocket in the U.S. after the most severe drought in decades that are all across the Midwest. Certainly this news is very bad for all the consumers, but there are people that are very happy about this situation. The finance guru Jim Rogers is one of them and while others suffer from the drought, he is making serious money.

The commodities trader Rogers admits, that he is ecstatic to see prices going higher because that might save the day.