Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Nothing but encouraging news on the agro front....

Nothing but encouraging news on the agro front....

posted on Dec 11, 2008 10:07PM

Guru investor Jim Rogers was recently quoted saying while he owns "some gold" he thinks his agricultural stocks will do the best in the future. I've also seen similar articles on same subject both as an industry and as an investment both glowing for fertilizer co's. Right now people, there is just emense selling pressure still as hedge funds/funds have to "deleverage" by this years end. This is easy to understand once you realize that these huge funds we're leveraged possibly 50:1. So, when these margin calls we're made they all have to sell "EVERYTHING" including the kitchen sink and some stocks are down to remarkably low levels as a result. As an example, I'm buying some gold stocks that are down as much as 95% from their 52 week highs. Frickin unbelievable times we're in truly and an opportunity of a lifetime, maybe two! Best buy on LGDI so far is .285 cents. Hang in there and watch the fireworks after the 1st of the year? mguru

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