Jason Farrell

“I’m not very smart… but I like to go where there’s not much competition,” contrarian investor and Daily Reckoning contributor Jim Rogers said last week in an interview with the BBC, commenting on the preponderance of high-speed and momentum trading. “The bulk of the volume on the New York Stock Exchange, for instance, is [that] kind of investor… but that leaves opportunities for people who are willing to find… hidden gems.”

Rogers had a few tips for investors. “I’m wildly optimistic about agriculture,” he explained. “It’s going to be one of the most exciting economic sectors in the world in the next 20 or 30 years. Prices have been so low… the sugar price has been down 75% since 1974.” He noted the longtime lows signaled good long-term buying opportunities.

Rogers has shifted his currency strategy, now believing that “currency turmoil” around the world will lead investors to flee to the relative security of dollars. “To my astonishment, I’m optimistic about the U.S. dollar, which I’ve been terribly pessimistic about for years.”

The DR’s Chris Mayer shares Rogers’ optimism on agriculture investing. He has some insight on agri-plays in Saskatchewan, Canada here .

Check out the video here. What do you think about Rogers’ newfound enthusiasm for the U.S. dollar? Comment below!

Jason Farrell
For The Daily Reckoning

Jason Farrell

Jason M. Farrell is a writer based in Washington D.C. and Baltimore, MD. Before joining Agora Financial in 2012 he was a research fellow at the Center for Competitive Politics, where his work was cited by the New York Post, Albany Times Union and the New York State Senate. He has been published at United Liberty, The Federalist, The Daily Caller and LewRockwell.com among many other blogs and news sites.

Recent Articles

Got Tech Stocks? Sell These Flops Now…

Greg Guenthner

The latest victim of the crude rout is none other than the stalwart tech stocks. These are the go-to trades that have held up all year long. I'm talking about stocks like Google, Yahoo! and Microsoft. Like I said before, these aren't no-name stocks you're seeing drop more than 10% from their highs last month.


Three Time Bombs in Your 401(k) and How to Disarm Them Now

Dave Gonigam

By the time you do… Kaboom! It’s too late. They’ve already blown up your retirement. There are three time bombs the mutual fund industry has planted within your 401(k). By the time you’re done with this article, you’ll know how to identify them. And, more importantly, how to disarm them. Dave Gonigam has the scoop...


A Strong Dollar’s Not All That Bad

James Rickards

On the eve of the FOMC’s meeting announcement, our CIA financial strategist suggests, “To beggar thy neighbor or not… that is the question.” Read on to find out why having a strong dollar is good for you, but not so good for the Fed...


The Great Unraveling of the Commodities Super Cycle

Greg Guenthner

There's an entire parade of metals and energy plays running off the side of Commodity Mountain like a herd of lemmings. Gold cracked $1,200 after a $30 drop. Silver cratered more than 5% on the day. Copper fell another 2% Natural gas is down. Heating oil is down. Oh, and our main culprit, oil, coughed up another 4%. And that's just yesterday's losses...


Same Currency War, New Battle Phase

James Rickards

The current global currency war started in 2010. Our own Jim Rickards published his book, Currency Wars, soon after that. One of the points that he made in the book is that the world is not always in a currency war. But when we are, they can last for a very long time. They can last for 5, 10, or 15 years, sometimes longer. Read on to learn the latest battle phase of the current currency war...