Jim Rogers is shorting U.S. equities and predicting a U.S. stock market crash in 2016.
Billionaire investor and legendary fund manager Jim Rogers is almost certain that the global market upheavals triggered at the beginning of this year will spark a U.S. stock market crash in 2016 that will likely be worse than the global stock market crash of 2008.
In one of his latest interviews, Jim Rogers revealed that he is short on the S&P 500 and Dow indices and long on the U.S. dollar and Chinese markets.
Moreover, Rogers forecasts gold prices will tumble below $1,000 an ounce. He believes that the inflated U.S. dollar will further depress the prices of safe haven investments like gold and silver.