Wednesday, September 9, 2015

Marc Faber's New Warning : Commodities may still Go Down for a while

“I would say if I had to turn anywhere where the opportunity for large capital gains exists and the downside risk in my opinion is limited, it would be the mining sector, specifically precious metals,” Dr. Marc Faber told Bloomberg TV. recently .



“Commodities may still go down for a while but I don’t think they will go down forever. I would rather focus on precious metals [such as] gold silver and platinum because they don’t depend on industrial demand as much.”


“In terms of relative value I don’t think emerging markets are cheap cheap but I think the return expectation I would have over the next seven-10 years by investing in emerging markets would be much higher than say U.S. stocks,” Faber said.
“The U.S. market is overhyped and expensive in terms of valuation from a historical perspective.”





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.