Sunday, July 22, 2012

Marc Faber: The Markets are very Volatile, and it takes a lot of courage to be Short

Marc Faber : ...The markets are very volatile. and it takes a lot of courage to be short. 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. but where I see opportunities, we have had now for the last one year bad news and worse news from Europe, and we have widespread euro gloom. this is different. two years ago there was euro optimism. and now everybody is so down on Europe. the markets of Portugal, Spain, Italy, France, Greece are either below the march 2009 lows or close to these lows - in CNBC
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