Sunday, July 14, 2013

MARC FABER : We are the Brink of a civil war in many countries in West Asia

 Among commodities, gold and crude oil have seen a massive slide since the past few months. Have we hit bottom or is there more on offer over the next few months? What about base metals / industrial metals?
MARC FABER : Well, I think gold has declined into buying range. Personally, I think one should watch the developments in West Asia with extreme concern. It is a complete mess. The western world is shipping weapons to the so-called freedom fighters in Libya, Syria who can use them against anyone.

We are the brink of a civil war in many countries in West Asia. This, in turn, can lift oil prices. Among all the industrial commodities, I think oil is the most attractive as things stand. A rise in oil prices will not be good, especially for India. - in business-standard

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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