Thursday, May 26, 2016
Marc Faber : Gold Oil and Gas Shares The most attractive Assets in 2016
"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."
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.
Posted by Nicole Bourbaki