The market is doing what it is supposed to do. You know, making supply go down. The cure for low prices is low prices.When you have low prices, production declines, exploration declines and it is happening.
This is going to be good for the producers, not at the moment, certainly in the next couple of years the producers are going to turn around and go up a lot.
Related: Energy Select Sector SPDR ETF (XLE), Market Vectors Gold Miners ETF (GDX), Exxon Mobil (XOM), Chevron (CVX), Newmont Mining (NEM), Barrick Gold (ABX)
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.