Sunday, April 12, 2015

Marc Faber's View on Commodities

It has been a long time since commodity prices are down. I don't put precious metals under commodity. For the past three years, since 2011, precious metals are down and, in my view, they have bottomed out. Regarding oil, I do not see it going down to $20 a barrel. The people who see it going down to $20 are those who felt oil would touch $150 a barrel when it was at $100. I see oil reaching the equilibrium at current levels and see it moving in a range of $40-60 a barrel.

Some commodities have bottomed out like iron ore and copper, but industrial commodities continue to be in the bear market. For agricultural commodities, we may see a price rise in select commodities like coffee. Food prices may not see a huge spike as we saw them rising from 2013 till 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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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.