Thursday, April 18, 2013

Gold Price Decline Offers an excellent Buying Opportunity

Marc Faber : As a trader, I would probably enter the market quickly for a rebound of $20 or $40.’ Sure enough, the spot price is up $30 as we write, to $1,383. Silver has recovered to $23.53. ‘I am happy we have a sell-off that will lead to a major low,’ he continued. ‘It could be at $1,400. It could be today at $1,300. But I think that the bull market in gold is not completed… the fundamentals for gold are still intact.’ - in Bloomberg


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