Here is Jim Rogers breaking down the economic impact of Japan disaster:
“normally when something like this happens it leads to a chance to buy things , all man made or natural disasters in the past meant that you could buy something, now I am not buying anything I am just watching at the moment , this is horrible and we do not know how it all gonna wind up, I would thing buying commodities would be better than buying stocks but I might buy both”, says Jim Rogers
It took just under 12 rounds of the fight but Miguel Cotto, 36-2 (29), achieved the knockout he promised to deliver by the end of the final heat, successfully defending his WBA junior middleweight belt and sending former welterweight champion Ricardo Mayorga, 29-8-2 (23), into retirement at the MGM Grand Garden Arena in Las Vegas on Saturday night.
Things started off with both Cotto and Mayorga attempting to land solid shots in order to establish who the bigger puncher was. As Cotto landed some clean bombs, Mayorga replied with strong shots of his own.
Mayorga was blasted with a left hook to the jaw and as a result was backed up into the ropes. Mayorga played off his condition by trying to goad Cotto into a power exchange against the ropes. Cotto took his time as he patiently glided into range and unleashed some strong shots.
The tone of the fight was set as Cotto established his range and connected with power jabs that eventually would swell up Mayorga’s right eye. To Mayorga’s credit, he was game and continued gain an advantage but his free-swinging style allowed Cotto to show off some improved defense and balance as he avoided most of the big shots.
Cotto looked great in this one, and Mayorga looked good as well. Not bad for a 10-1 underdog.
Sergio Martinez Stops Sergiy Dzinziruk in Eight, Defends Middleweight Championship
The 2010 “Fighter of the Year” didn’t do anything to take himself out of the running for that honor in 2011.
Middleweight champion Sergio Martinez retained his title with an eighth-round stoppage of Sergiy Dzinziruk Saturday at the MGM Grand Theater at Foxwoods.
Martinez, 47-2-2 (26), dropped Dzinziruk five times in the fight, including three times in the eighth, before referee Arthur Mercante stopped it at 1:43.
“I wanted to nullify his boxing, nullify his punches, nullify his jab,” Martinez said. “Little by little, I did that.”
Dzinziruk, 37-1 (23), fought in a tight defensive shell but kept coming forward, while Martinez kept moving around the ring, letting his hands go more often. In the eighth, Martinez dropped Dzinziruk with right hooks three times, with Dzinziruk landing hard on his shoulder each time.
“I had to open up more and I did, but it didn’t help,” said Dzinziruk. “The knockdowns were not hard punches but they were perfect shots.”
Ricardo Mayorga VS Miguel Cotto Update and Prediction
Ricardo Mayorga emerged from a white SUV in downtown Ocala on Tuesday with a lit cigarette hanging from his lips.
He yawned, took a long drag, then ambled across a parking lot toward the front doorway of Danny Santiago’s local gym, Central Florida Boxing.
Just days away from a nationally televised world championship fight, Mayorga hardly looked the part of a polished pugilist.
But that changed quickly when he entered the ring to spar a few minutes later.
His demeanor changed, his brow darkened, and his focus honed in intently on Bobby Bryant, a 19-year-old Ocalan and the day’s sparring partner.
It wasn’t long before Mayorga — a heavy-handed brawler who isn’t big on footwork — methodically walked the game Bryant into a corner and dropped him to the canvas with a left hook.
I may missing this fight live, but I think it has the potential to being the most entertaining fight of the year. I am mildly surprised more people aren’t talking about it.
My logic tells me that Mayorga will start the fight fast and Cotto will be hanging on for life in the first three rounds while doing some damage of his own.
In the middle rounds Cotto’s technique and skill will start taking over and seriously touch up Mayorga.
In the late middle rounds, Mayorga will make one last push, and hurt Cotto, and possibly drop him.
By round 10 Cotto should be punishing a bloodied Mayorga on the ropes and the ref should wave it off in a potential for fight of the year honors.
(Keep in mind, this could all happen in a somewhat collapsed time frame.)
The passive boxing fan and boxing writer vastly underestimate Mayorga’s ability (they can only seem to remember him getting chopped up by Oscar De La Hoya. A fight where Mayorga was able to lay some heavy leather). And Cotto’s tendency to be courting disaster at every turn should make this fight worth whatever they are peddling for it.
Mayorga is a 6 to 1 underdog in this one.
However, I have been hearing some rumblings from my sources that he might not be a bad bet (for some reasons I don’t want to publicly mention). But you didn’t hear that from me.
Also, the same night, Sergio ”El Maravilla” Martinez will take on undefeated WBO light middleweight champion Sergiy ”Razor” Dzinziruk of the Ukraine at the Foxwoods Resort Casino, Connecticut. I don’t know much about Sergiy ”Razor” Dzinziruk, except that he has a win over Joel Julio, so I expect Sergio Martinez to win.
Crude oil prices have been rising. Do you see supply constraints on mounting pressure from West Asia or speculation?
Of course, it’s supply constraints. Libya has closed down some of its oil production, while Egypt is having problems with its production. There are turmoils in many countries and this is causing supply problems.
These may be temporary problems, but the world, in the mean time, is losing some of its inventory. So, if there is calm and peace tomorrow, we may have oil go down for a while, but the basic problem that the world is running out of known oil reserves continues.
What is your medium-term outlook on crude oil?
Crude oil will continue to go higher, though there can be intermittent corrections. The price of oil is going to continue to rise for years to come.
The dollar index has fallen almost 6 per cent in the past three months. Do you feel that the dollar is losing its appeal as the reserve currency?
Yes, it is an ongoing process. The correction has been severe. But, that is going to happen with the US dollar, as it continues to lose its status as the reserve currency. It is a terribly flawed currency.
Are you investing in other currencies? Which is your favourite and why?
The renmibi is my favourite currency. China has a gigantic balance of trade surplus, and it is the largest creditor nation in the world.
It has a lot of things going for it. Clearly, a currency that can and will go up is the renmibi.
The Chinese are trying to hold it down now, rightly or wrongly. And, I think it is a mistake to try to hold it down. But, the renmibi is the currency that has to appreciate a lot in the next few years.
The bull run has just begun in agricultural commodities. How long do you see that lasting?
I am very bullish on agricultural commodities, probably more than other class of commodities. My favourite agri-commodity is rice.
What is your outlook for gold and silver?
I own both gold and silver and I am neither selling nor buying these two precious metals at current levels.
This week, there are supposedly going to be mass demonstrations/protests in Saudi Arabia. If this happens, gold and silver prices will surge and I will then buy. So, I am not buying gold and silver right now, but I am certainly not selling.
After the recent correction, how are you viewing the Indian equities?
I am just watching. I have sold/short emerging markets and emerging market (EM) ETFs.
EMs have been one of the most exploited sectors of the market in the last two-three years. I have sold/short emerging market and I am not buying any markets anywhere except commodities.
In other news, Simon Black breaks down the War on Drugs:
“Fighting a multi-decades war against plants is just a dumb idea, ranking up there with other such gems as spending our way out of recession, borrowing our way out of debt, and invading other countries to reduce hatred against America.”
