Wednesday, January 4, 2017
Marc Faber : In 2017, some commodity related stocks including oil and gas will be reasonably attractive
In an interview with ETNow, Marc Faber said if the dollar continued to extend its recent rally, there would be a maximum of one rate hike by the US Federal Reserve, as the US central bank would ensure that the real interest rate remains low.
So is oil and gas your big bet ? ONGCBSE 0.80 % has rallied close to 40% in the last nine months. It is completely under the radar, mirroring oil price movement. Are Indian oilBSE -0.87 % and gas assets of interest to you?
Marc Faber : In 2017, some commodity related stocks including oil and gas will be reasonably attractive. What I have noticed to be the most attractive sectors are plantation companies, agricultural companies and fertiliser companies. They have significant potential on the upside because agricultural commodity prices have been very weak since 2011. These agricultural commodity prices will pace them out and start to increase. The agricultural sector, fertilisers are relatively attractive
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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