Jim Rogers long USD..

[michael]

Jim Rogers, a man who is one of the most consistently accurate investor out there and famous for being more bearish on the dollar than perhaps everyone bar Gerald Celente (aka Dr Doom) is bucking the bearish trend against the dollar.

I can't find the interview in which he no doubt explains why but does anyone share his thoughts? Perhaps as QE2 unwinds and insider selling picks up a short term demand for the dollar will make it a good place to be?

 

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[dday97]

I saw him on CNBC the other day talking about the dollar. It is a good place to be short term and if you know how to trade futures and the forex especially. It's relatively simple to figure out why he makes that hypothesis and if you think about it, it's not that bold of a statement. The imminent collapse of Greece, Ireland going down and Spain is in trouble means the Euro is getting toasted. The more the Euro goes down the higher the Dollar goes up. The higher the dollar goes up, the more the U.S. stock market goes down (for now anyway). It's a simple vicious circle of cause and affect. If you figure out the correlations than a lot of money can be had trading.

I like to trade the oil contrarian play off the dollar because it's easy to do with USO options. Plus oil has a much clearer channel to trade in my opinion. I trade oil futures also using the same channel. It's amazing how just watching the dollar and how it moves opens up so many other trades.