Saturday, November 2, 2013
Marc Faber thinks the Gold Price has reached a Bottom
(Summarily translated from Dutch )
Marc Faber, publisher of the Gloom, Boom & Doom report, was not to save. Way in recent weeks from the press In an interview with Barron's Faber stated that stocks are dead money, it makes no more sense to look to the fair. Wall Street
However, the situation of the gold on the other hand has taken a turn in the right direction. Since the gold price in September 1921 has reached a peak, the gold is in a major correction phase. The good news is that finally seems to be behind their back.
The sentiment towards gold has become so bearish that probably the basis for the next phase increase is placed. Gold demand from China remains strong and Faber holds a number of gold mining shares closely. The prices of these mining stocks can shoot namely through the ceiling.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.