Tuesday, July 8, 2014
Marc Faber Outlook for Gold & Silver July 2014
ET Now: How do you see gold and silver prices moving after the easy monetary policy from both the FED as well as the ECB?
Marc Faber : Basically, we began the year after a meaningful correction from $1921 in September 2011 and we traded down to a low of $1180.
At the beginning of the year, we were at $1200 and then we rallied to $1393 and since then, we have had a correction again to around $1200 and now we have rallied again.
My sense is that this latest rally has been accompanied by a lot of scepticism among investors and a lot of negative sentiment. In other words, people are not buying the bull market yet and this is a good sign. I would be accumulating gold from here onwards down to around $1250. - in ET Now July 2014
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Dr. Marc Faber Tomorrow's Gold
Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.