Tuesday, September 3, 2013
What Marc Faber likes more than GOLD ? : Treasurys
Why Marc Faber is buying Treasurys : Sentiment around Treasurys has gotten "incredibly bearish," but the fundamental story has gotten quite bullish, says Marc Faber. With CNBC's Jackie DeAngelis and the "Futures Now" traders.The sentiment on gold has recovered," Faber said on Thursday's "Futures Now" show. "It is relatively bullish." After all, "we had a big rally in gold already," he said. "I think we will ease back a little bit." "I think the sentiment is incredibly bearish about Treasury bonds and Treasury notes," he said. If the market drops, "people will again fear deflation, and they will move into 10-year Treasury notes."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.