Jim Rogers was Right on the Korean Market

"The trend fluctuated but continued through the first half of 2004, before reversing course in the second half of that year. The “Sell Korea” spree continued through last year’s second half, when the global economic crisis deepened. The Korean stock market thus entered a state of panic and chaos.

Korea’s “half-baked experts” at that time threatened investors, saying the benchmark KOSPI index could fall below 500 points. U.S. investment strategist Jim Rogers, however, started buying Korean stocks in October last year after predicting a bottoming out of the Korean economy and stock market. At that time, he said that if he invested then, he would earn huge profits four to five years later. The KOSPI has jumped about 50 percent in value, surpassing the 1,400 mark in recent weeks. Rogers accordingly demonstrated that he is a genuine expert unswayed by market sentiment."

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Gold tops $960 for first time in two months as dollar weakens

Moming Zhou
MarketWatch
May 21, 2009

Gold futures rose Friday for a fourth-straight session, briefly topping the $960-an-ounce mark for the first time in nearly two months as the U.S. dollar weakened against its major rivals on concerns over the U.S. credit rating.
Gold for June delivery rose to as high as $963.10 an ounce in early morning trading, topping $960 for the first time since March 19. It was last up $6.30, or 0.7%, to $957.50 on the Comex division of the New York Mercantile Exchange. The metal is set to end the week up nearly 3%.

The greenback fell Friday to the lowest level in four months against the euro as worries increased that the U.S. could lose its triple-A credit rating.

Standard & Poor’s Ratings Service Thursday warned Britain that it may lose its triple-A rating, triggering a drop in U.K. bonds and sparking global fears about sovereign credit ratings. In the U.S., 10-year Treasury bonds fell below a crucial level.

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