Monday, July 16, 2012

Marc Faber : Beware China but Not Commodities

“The markets are very volatile and it takes a lot of courage to be short,” Marc Faber told CNBC this morning “I don't want to be short copper because copper can, like other markets, be manipulated because there are not that many players in the copper market, and so we could see a rally in copper prices, we could see a rally in gold prices and so forth and so on.” “I think…investors must realize that the impact of a slowdown in the Chinese economy, which in my view is much larger than what the government has been reporting, the government says GDP has been growing at 7.8%”, he explained. “In my view, it's much lower.” - in CNBC


Related Posts Plugin for WordPress, Blogger...