Wednesday, June 1, 2016
Money printing to boost Precious Metals Stocks
“Some depressed sectors are showing signs of major lows,” Mac Faber said during an interview on CNBC. “I am still negative about stocks but I can see more money printing in the future, which will lift some sectors.” (Source: “Marc ‘Dr. Doom’ Faber is a big bull on these stocks,” CNBC, May 19, 2016.)
According to Faber, gold mining stocks and drillers are the way to go. His reasoning is pretty simple: gold prices move opposite to the greenback, which means “more money printing” could boost any stock related to precious metals.
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