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Tuesday, November 26, 2013
Crude Oil : One of the most attractive Commodities right now
Marc Faber : .... Crude Oil is probably among the most attractive commodities because the supply of oil could be interrupted at some point. I am aware that the production in the US and Iraq is going up, but by and large in order to bring on new oil reserves today, the price has to be, say, above $80. So we are not that far above production cost at the present time. - in a recent interview with ET NOW
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.