Rogers: 'I did buy some silver this week'

9:27 am (Hawaii) Jim Rogers told an India business news network that he bought silver recently and hopes to buy more at lower prices.

Beacon Equity: Jim Rogers: I did buy some silver this week (June 13 2011)

Update 9:37 am (Hawaii) SCO (Ultrashort Crude Oil) up from 43.00 (Thursday) to above 47 today (Monday). Does Obama want to be re-elected? Apparently so. He ain't kidding about knocking down crude oil prices. If war commences in Iraq, it'll be a fugly mess there, in Iran, and the "business" in Pakistan and Afghanistan won't be over, either. But war in Iraq would clearly bring crude oil prices lower in anticipation of victory. With victory would come crude oil prices at, perhaps, two-year lows. July of 2009, SCO was at 118.

So, in a nutshell, 1) Obama promised lower gas prices, 2) the US is about to engage in war in Iraq, 3) continues to bomb Libya (land of the much desired Sweet Crude and deep-lying water wells). Maybe SCO levels off here, but longer term, hard to argue against it.