DJ Investor Jim Rogers Still Bullish On Commodities
Thursday, May 08, 2008; Posted: 05:25 AM

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SINGAPORE, May 08, 2008 (Dow Jones Commodities News via Comtex) -- -- Commodities and investment guru Jim Rogers is still bullish on commodities, in particular agriculture, even as investors are regaining some confidence in the equities market and are hopeful that the worst of the U.S. subprime fallout is over.

"I'm not buying financial stocks and am short on banks...We've just had the worst credit bubble in our time, and this sort of bubble doesn't just clear in a year or two," said Rogers at a press briefing Thursday.

Rogers said he's still long on gold and plans to buy more if prices consolidate further to $750-$800 an ounce.

"I've started to think about buying base metals such as zinc and nickel, which have recently fallen around 50%. If they fall further, I'll be buying," he added.

Rogers started the Rogers International Commodity Index in 1998. Over the past 10 years, the index has posted a return of 354% compared with the Reuters-CRB Commodity Index's 144%.

-By Tor Ching Li, Dow Jones Newswires; 65 6415 4086; chingli.tor@dowjones.com

(END) Dow Jones Newswires

05-08-08 0525ET

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