That is a big big sell off (in Copper), 30 percent in anything in that shorter period of time. So it is a shock, but I would expect most things to continue to correct and react because the world has got serious problems facing in the future. Base metals will be affected by reduced demand.
Other commodities will continue to do well, but base metals certainly would be affected by reduction in demand and you know what is happening in Europe, you know what is happening in America. So be careful. I am not selling any of my commodities. I am not selling my base metals, but I am not jumping in to buy either.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
