What I think rogers is doing is scaring out the remaining shorts so that he can go in on the short side. This is actually the best bearish news I've heard in awhile.
Monday, June 8, 2009
Rogers: Dow 1 Million? Sure
I can't believe how much Rogers is on the same page as I am in regard to silver. My main position is in physical silver and the rest is speculative shorts. Be careful, when he says the DJIA can go to 20,000 sure it can, but it would be an inflation based 20,000. For example if IBM went from $100.00 to $10,000.00 overnight it be the result of a US dollar devaluation, not an increase in the value of true value of IBM.
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