*In a chat with ET Now <http://economictimes.indiatimes.com/topic/%0A--ET-Now%0A->, Jim Rogers <http://economictimes.indiatimes.com/topic/%0A--Jim-Rogers%0A->,Commodities <http://economictimes.indiatimes.com/topic/%0A--Commodities%0A->Expert, says every time themarkets <http://economictimes.indiatimes.com/definition/markets>are going down a bit, central banks are panicking and printing money. Edited excerpts*
*ET Now: One thing where I think the market behaviour would have surprised you is the move in India. When we talked on thebudget <http://economictimes.indiatimes.com/topic/%0A--budget%0A->day, you were not too bullish on the Indian markets. Since then, global market <http://economictimes.indiatimes.com/topic/%0A--global-market%0A->at large and India <http://economictimes.indiatimes.com/topic/%0A--India%0A->in particular has rallied about 16 or 18 odd per cent. What are your thoughts now?* *Jim Rogers:* Rally in markets or in oil? *ET Now: On the markets, on the Indian markets.* *Jim Rogers:* All markets are up because the central banks are printing more and more money, so it is astonishing for me to see this keep on happening. The Europeans, the Japanese keep on pumping more money. Even the us <http://economictimes.indiatimes.com/topic/%0A-us%0A>money supply is going up. Interest rates have been going up or down, but all the central banks continue to pump money into the system. It is going to end some day. The markets went down, not by very much and all the central banks printed money again. I said to you before too, what happens is that markets go down a good deal, and then the central banks panic and print more money. I mean this is absurd what is happening to the world <http://economictimes.indiatimes.com/topic/%0A-world%0A>. We are going to pay a horrible price someday including India. *ET Now: Are you bit surprised the way gold <http://economictimes.indiatimes.com/commoditysummary/symbol-%0A%20%20GOLD%0A%20.cms>prices have rallied this year? So far gold has been one of the best performing asset classes. Gold prices are up nearly 20 per cent this year.* *Jim Rogers* : Yes. Well, I own gold. I have not been buying gold for some time but I own it. I still expect gold to go lower. It is not such a surprise because that is how markets work. Gold has been beaten down for four-and-a-half years now and so it is not surprising to have a rally. We have had three or four rallies like this during the past since 2011 when gold peaked. All of them petered out. I suspect that this will peter out too, but that is normal. All markets collapse, have big rallies along the way. Gold has had three or four since 2011. *ET Now: And how soon do you see this rally in gold fizzling out?* *Jim Rogers* : I suspect it is fizzling out now. It has already started. Gold went down in the last 10 days. I think people <http://economictimes.indiatimes.com/topic/%0A-people%0A>started to realise there is nothing behind it to keep it going and as I said before, central banks are going to slow down and may well raise interest rates in the next month or two. When that happens, they will take the fire out of gold. *ET Now: I enjoy reading your work. I have been tracking you for nearly one-and-a-half decade now and the way you invest is that you look at long-term structural trends. So if you have to let us say pinpoint a basket of asset classes where you think the structural trend for next five year or 10 years is going to be bullish, what would you like to identify?* *Jim Rogers:* Well, I expect very serious economic turmoil and financial market turmoil in the next five to ten years. I would expect in the next two or three years, you are going to see markets around the world being weak and maybe even collapse in some countries. In such a situation, I would bet on the US dollar mainly, because that is where people will go for a while, maybe some more agricultural products because agriculture is getting better and better. I would short US stocks. Most Indians really cannot short the US stocks, but what I would do is go long in the dollar, and short the US stock market especially the Nifty-50 stocks and long agriculture. *ET Now: So between bankers and farmers, you expect farmers will make more money?* *Jim Rogers:* Farmers in most countries in the world make more money. The Indian government does not do much to help Indian farmers that you know. They have all these absurd laws, supposedly protecting Indian farmers which makes Indian farmers worst off rather than better off. But yes most farmers around the world are now going to place where things will be much better and Indians farmers are going to be better too. It is just that you have the problem of your government "helping you" which is really harming. -- Kindly email stock reports at STOCKRESEARCHER@googlegroups.com For sharing knowledge -- NIFTYVIEWS.COM NOW A FREE OPEN SOURCE WEBSITE. http://www.niftyviews.com/ Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture.The administrator of www.Niftyviews.com just provide a platform for the authors to express their opinion and take no guarantee for the genuineness of the same."ANY member of this forum doesnt prepare or publish any research report; or ii. provide research report; or iii. make 'buy/sell/hold' recommendation; or iv. give price target; --- You received this message because you are subscribed to the Google Groups "Niftyviews.com" group. 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