Wednesday, August 21, 2013
Good time to move into GOLD because Stocks are in Bubble territory
Stocks are in "bubble territory," making it a good time to move into gold Dr Marc Faber told CNBC "The S&P is down 3 percent from its high, 1,709, and yesterday we had over 400 new 12-month lows on the New York Stock Exchange. That is remarkable," he said. "That shows that the internal picture of the market is very different than what the indices show. The indices – Nasdaq, S&P, Dow – are driven by just a few stocks that are very strong. They are in bubble territory."
- in CNBC Click here to watch the full interview>>>>>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.