"I bought the euro Friday and Monday, I don't know if it's just a trading bounce or if it's going to be fundamentally sound from now on," Rogers said in an interview from Madrid Wednesday.
A good long-term buy is oil, Rogers said, because drilling opportunities are dwindling as the Obama administration mulls banning offshore operations after a well owned by BP ruptured on April 20, causing the biggest oil spill in the US history.
"I guess if anything you would buy oil because… drilling has been cut back. No drilling, no oil – higher prices," he said.
"The IEA is going around the world pleading with governments to understand that oil is running out. Where is the oil? Tell us, so we can buy it," he said when asked about opinions by other analysts that there are plenty of oil reserves.
CNBC
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