Buy the Euro and the Swiss Franc in 2012: Jim Rogers

Buy the Euro and the Swiss Franc in 2012: Jim Rogers
« on: January 03, 2012, 07:10:01 AM »
http://www.performancetradingconcepts.com/index.php?topic=173.msg395#msg395

*Buy the Euro and the Swiss Franc in 2012: Jim Rogers-Published: Tuesday, 3 Jan 2012 | 4:31 AM ET
http://www.cnbc.com/id/45854214

Asked how well his fund performed in 2011, Rogers said that he is “still able to pay his bills” and that the fund had fared better than it had the previous year.

" The euro and the Swiss franc will be smart currency plays in 2012, Jim Rogers, the billionaire investor and author, told CNBC Tuesday.Rogers, who recommended buying the euro, which has since fallen in value, in an appearance on CNBC in November, said that he was thinking about buying more euros after selling some in recent weeks, as hedge funds unwind their short positions in the currency. “I suspect (German Chancellor Angela Merkel) and that crowd will do something to make us feel better,” he added. "

Is this guy serious about buying the euro? He says,"I sold some Euro's,but I'm going to buy more." Why would you sell some if you believe it's going up in value? Then he says,"A Lot of Governments will Print Money in 2012." Does he also mean the ECB,and if not then what makes him think the ECB will not print money? They will be the one to print money first. This will dilute the value of the euro,which means it will move lower in value. In my opinion,I think he doesn't fully understand the situation and doesn't know what to do and is trading on hope.