Tuesday, June 9, 2015

Gold Mining Shares , The one asset class that is very Depressed





There was an exception last year where in China the economy was slowing down and over the last 12 months, the Shanghai index is up more than 100 per cent. So all I am saying is that in this current money-printing environment there is a lot of volatility. Even in the EMs, there are markets that are fully priced and some have potential.

We also need to consider the currency in case of Japan, for instance. When the currency went down, the stock market rallied sharply. Hence, it is not easy to generalise. But, I would say that appears to me to be very depressed, absolutely and relatively, is gold mining shares and mining stocks in general. Another asset class that was oversold a bit and has now gained somewhat is oil shares and oil servicing companies.


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.