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Jim Rogers says decline in commodities is ‘artificial’

Posted on 24 November 2011

Jim Rogers, CEO & Chairman of Rogers Holdings told CNBC on Wednesday that the recent decline in commodity prices have little to do with fundamentals, or concerns about the strength of the global recovery, and everything to do with the collapse of brokerage firm MF Global (MF).
According to Rogers, the sell-off is “artificial.” “With MF Global going bankrupt [MF Global declared bankruptcy nearly 4 weeks ago] – which was a gigantic commodities firm – there was a lot of artificial forced liquidation of commodities. People have to sell whether they like it or not. It’s artificial selling right now,” Rogers said………………………………………..Full Article: Source


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