Jim Rogers Betting On US Dollar Rally, Would Buy Gold At $1000

Jim Rogers was on Tech Ticker and ReutersTV (Reuters: Investor bets on USD rally) recently and he's betting on a US Dollar short squeeze.  He also said commodities will do well if there's massive growth, a currency crisis, continued money printing or WW3.  He told Reuters he'd buy more gold around $1,000.

"When everybody is pessimistic about something it's usually time to buy that. Now I cannot give you any fundamental reason..... but in the last couple months I've been accumulating more dollars. I think there's probably going to be a rally.  If it happens I hope I'm smart enough to sell it somewhere down the line.  If it doesn't happen it will collapse and I'll panic like everyone else and dump." (Reuters Interview)

Source: Tech Ticker

Check out the USD chart below. It broke through a downtrend and broke out of a bull flag. Dvol has been monitoring the US Dollar for a few weeks now.  I'll provide a detailed $USD update next.  Also Nouriel Roubini believes gold is in a bubble (The New Bubble in the Barbarous Relic that Is Gold: RGE Monitor).

(Courtesy of Stockcharts.com)