Tuesday, May 31, 2016
Marc Faber : The Fed will not move in June
"My view is that in June, they [the Fed] will not move; they will not increase rates," Faber stated. "The market will begin to perceive that the Fed wants to support active markets, which they have stated on numerous occasions before," he added. In that environment, "gold, which from now on may correct, maybe 5% or so, will start to move up again," Faber said. Faber recommends a diversified portfolio. "To own some real estate makes sense, to own some equities makes sense, to own some cash and bonds probably makes sense, and to own some precious metal makes sense." But Faber's view is some sectors will do better than others. "I can see more money printing in the future, which will lift some sectors," Faber said and went on to name them: "The most attractive assets in my view are gold shares and oil and gas shares. I think they still have significant upside potential this year." - in CNBC
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.