Wednesday, January 1, 2014

Bearish On The EURUSD Currency Cross

According to the iStockAnalyst website, Dr.Faber is bearish on the EURUSD currency cross:

"Everyone and his brother loves to hate the US dollar and expects it to decline further. While Faber despises the dollar long-term, he thinks it is attractive compared to the Euro. In fact, Faber recommends investors short EUR/USD as the situation in Europe is likely to deteriorate. The recent bounce in EUR/USD provides a good entry to initiate a short position."

Tickers: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)

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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