Sunday, October 19, 2014

Oil Prices can go down for a While but won't stay Down

HAI: Do you have any thoughts on oil's big decline? Prices are down $20-25/barrel since June.

Marc Faber: The markets have become quite volatile, largely because of money printing. This concerns not just oil, but all commodities. The price of corn, wheat, soybeans are all down around 50 percent from the highs. They can be down for a while, but in my view, they will not stay down. - in HardAssetsInvestor Oct. 13, 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.

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