Marc Faber on prostitutes and beer and The US Economy

"The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part .
"
Dr. Marc Faber

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber at The Barrons Roundtable : Commodities and Emerging Markets

Marc Faber at The Barron's Roundtable 23 January 2010

Marc Faber, managing director of Marc Faber Ltd and Barron's Roundtable member, anticipates meaningful market correction in 2010. Mining and agriculture will be top performers within commodity sector.




Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber S&P 500 May Drop 20% on Economic, Earnings Prospects

“The market has become overbought,” Marc Faberpublisher of the Gloom, Boom and Doom report, told Bloomberg in a phone interview from Davos Switzerland. “There isn’t a meaningful improvement in the economy taking place. The economy may disappoint somewhat in the next few months. The statistics that are being published are very questionable. The economy has stabilized, but isn’t really expanding.” Marc Faber said
“With unemployment staying at a relatively high level and with the revenue side being weak, I don’t think that corporate profits will be that great in 2010,” Faber said. “Basically, the profits have been boosted by aggressive cost-cutting. The revenue side of corporations is weak.”
Source www.Bloomberg.com

Marc Faber on The Alex Jones show 26 January 2010

Alex Jones hosts contrarian investment analyst and entrepreneur Marc Faber. Marc Faber publishes the monthly investment newsletter The Gloom Boom & Doom Report. On March 9 2009, he correctly predicted a U.S. stock market bottom.

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Bill Miller to Marc Faber No We are Not Doomed

In his quarterly market commentary, Legg Mason Capital Management’s Bill Miller today takes exception with the dire outlook of fellow pundit Marc Faber, as expressed in this weekend’s Barron’s Magazine:
Eyeing the deficits, Marc Faber in Barron’s this weekend concluded, “We are all doomed.” Well, maybe, but probably not this year, which ought to be a good one for stocks.
Read The Article here >>>

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Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber on Sovereign Debt Crisis and Bernankes Bubbles

"In some areas of the US, housing prices have been rising at almost 30% per annum in recent years and overall prices have doubled since 1997. The question, therefore, arises when this housing boom, which was fueled by ultra low interest rates and allowed people to refinance their homes, will come to an end. This is an important question because US consumption since year 2000 was not driven by capital spending and employment gains, but purely by asset inflation in the housing market, which allowed people to take out larger and larger mortgages and spend the additional funds (well understood, "borrowed funds") on consumer durables such as cars and consumer non-durables. Now, however, there is a problem with the housing market. If the US economy continues to strengthen, interest rates, which are negative in real terms, will have to rise considerably and this could lead - if not to a housing crash - so at least to a less buoyant market. In addition, as we can see from the figure below (courtesy of Bridgewater), the inventories of unsold homes are at a record. Therefore, should higher interest rates, driven by a stronger economy, lead to less home purchases by individuals, home-builders who are holding these inventories could get hurt quite badly"The Bubbles Mr. Greenspan has Created by Marc Faber Gloom Boom Doom Report

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Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report ,and the author of "Tomorrows Gold" . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
In 1987 he warned his clients to cash out before Black Monday on Wall Street. He made them handsome profits by forecasting the burst in the Japanese Bubble in 1990. He correctly predicted the collapse in US gaming stocks in 1993; and he foresaw the Asia-Pacific financial crisis of 1997/98 and the resulting global volatility. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber on the Debt Threat and the US UK Portugal Moody rating

Marc Faber: 'We're All Doomed'

Also watch other today Marc Faber's CNBC Interviews First Interview Here and Second Interview Here

"When you look at the US… it's a total disaster, we're all doomed, we're doomed!" Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday. Faber and Anthony Thomas from Moody's discuss the global economic outlook.
" in the near term I think the dollar could rally because the others are no better, the others are worse," said Marc Faber. "I think that the dollar will rally now against the euro and against the pound sterling and probably against the yen."

The price of gold is likely to hover between $950 an ounce and $1050, he said, adding: "I doubt we'll go below 1,000."

Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber : Obama should restrict risk taking by the FED before doing it for the Banks

Chance of a Double Dip is 40%: Roach

"well practically I think what went wrong is what goes wrong with any fiat currency , it is very easy to increase the quantity of money to bailout the system and postpone the problems " says Marc Faber ...
"I think global growth is going to be anemic and I'd put a 40 percent chance on a double dip at some point in the next couple of years," says Stephen Roach, chairman, Asia of Morgan Stanley, told CNBC Friday. Marc Faber, author of the "Gloom, Doom and Boom Report" joined the discussion.
Faber Obama should restrict risk taking by the FED before doing it for the Banks

Marc Faber Obama Makes Bush Look Like a Genius

"I don't have a very high opinion of Mr. Obama," Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday 22 January 2010. "I was negative of Mr. Bush but I think Mr. Obama makes him look like a genius," he added.


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber Defaults on sovereign Debt Will Proliferate

By: Antonia Oprita
Associate Web Producer, CNBC.com
Defaults on sovereign debt are likely to proliferate in the next crisis, Marc Faber wrote in his latest "Gloom, Boom & Doom Report."
The US will likely try to inflate its way out of its fiscal deficits, but many other countries do not have this option as their external debts are denominated in foreign currencies, Faber, who will guest host "Squawk Box Europe" Friday, wrote.

At some point, market participants will have second thoughts about the ability of governments to pay their debt and will shun sovereign credit, which in turn will take yields higher, accentuating the problem, according to the report.

"Investors who rushed into government-guaranteed debts in 2008-2009 in the belief that AAA-rated governments would always pay the interest on their debts and repay the creditor in full upon maturity could be in for a rude awakening sometime in the next 5 to 10 years," Faber wrote.
Read Full Article >>>
Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber joins Sprott as director

Contrarian investor Dr. Marc Faber, has joined Sprott Inc. as director and member of the money management firm's audit committee.
Marc Faber the author editor and publisher of The Gloom Boom & Doom Report succeeds to Ian Telfer who tendered his resignation due to time commitments and appointment as the new chairman of the World Gold Council.“Marc is an internationally renowned expert and commentator on financial markets and we look forward to his contribution as a director of Sprott,” Eric Sprott, chief executive officer of Sprott said Tuesday.We here in this blog wish good luck to Marc Faber in his new position



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"
Mr. Faber is also the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery, and is a director of Ivanhoe Mines Ltd. , a mining firm focused on the Asia Pacific region. He is also an adviser to a number of private investment funds.

Marc Faber in Barrons round-table

This week The Publisher of Gloom Boom Doom and financial guru, Dr. Marc Faber, participated in Barron's round-table with Mario Gabelli, Bill Gross, Felix Zulauf and Fred Hickey to discuss the current state of the financial system and gold prices . Marc Faber criticized Chairman Bernanke and the Federal Reserve for causing the asset bubbles, exclaiming. “The Fed and certain academics in the U.S. don’t understand the instability brought about by excessive credit growth and artificially low interest rates…In a January 3 speech in which Mr. Bernanke talked about monetary policy and house-price inflation, he never once mentioned excessive credit growth.” reports www.goldalert.com
Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Marc Faber Asia A growth story

"Asia can grow without the US and without the consumption increasing in the US. Secondly, one of the drivers for economic growth in Asia, particularly in India, is the real estate market. But, in many countries including India, Vietnam and China there is hardly any mortgage market. So that can be expanded very dramatically. From within the country they can easily grow around 5- 6% without foreign trade and with foreign trade in my opinion around 7-8%.." says Marc Faber

Prince Alwaleed says Inflation Is Imminent

Saudi Arabia's Prince Alwaleed bin Talal is openly speaking about a coming Inflation this is very important knowing that Alwaleed is worth around 30 Billion dollars according to Forbes , his country Saudi Arabia owns the largest crude Oil reserves in the world and one of the largest US dollar reserves , so whatever Saudi Arabia decides to do in regards of its US dollar reserves and the whether to keep the Oil prices in dollars or not will definately affect the fuure of the US dollar and the American economy in general , it is said also that Saudi Arabia is one of the major foreign investors in the US Economy

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Sovereign Debt Crisis is Next Marc Faber says

The PIIGS may cause the Death of the Euro : Marc Faber

The countries most likely to blow up this time around are the so called "PIIGS": Portugal, Ireland, Italy, Greece, and Spain. One ore more of them, Faber says, will likely default in the next couple of years. And, that could result in the death of the Euro currency.

Build your own custom video playlist at embedr.com

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Marc Faber US Debt Bomb will Explode

These are the last 4 interviews of Dr. Doom Marc Faber one done today with Bloomberg and the other three with yahoo Tech Ticker yesterday , Marc Faber , publisher of the Gloom, Boom & Doom Report, talks with Bloomberg in the first video about the outlook for the stock market , Marc Faber says that 2009 was a great year to make money while in 2010 one should at least try not to lose money , Marc Faber says he will keep his gold knowing how Bernanke and Obama are printing money backed with nothing , Faber explains that printing money does not create wealth , other topics touched by the interview are
stock outlook; bonds, government debt , Asset bubbles; financial industry, Fed policy , Finally Marc Faber recommends the stocks of a beverage company from Thailand called : Thai Beverage Pcl

Build your own custom video playlist at embedr.com

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

China Bubble or not Bubble ? what does Marc Faber Think ?

Marc Faber agrees with Chanos that there is a China Bubble ready to burst but does not mention the timing of its implosion

Marc Faber tries to be balanced between his two friends Jim Rogers and Jim Chanos who have been arguing about the so called 'China Bubble' , Marc Faber seems to be inclined to believe that there is in fact a China bubble but he does not put a timeline to its imploding , what Marc Faber is sure about is that the day the China bubble burst it will be very bad news for commodities and for the rest of the emerging markets , because china is now the biggest importer from Brazil and Australia for example
"Yes I'm worried about it. I'm sure that Jim Chanos will be right about it someday," Marc Faber The author of the Gloom Boom & Doom Report newsletter said . "It's very difficult to pinpoint a day when China will implode. I don't think it will happen right away," he explained .later Marc Faber speaks about the Dubai Bubble pinpointing out that Dubai has also made great advancements as it has great infrastructures and one of the most efficient airliners in the world and that is Emirates Airlines , but Faber admits that there were excesses....


Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Marc Faber The FED is Creating a Credit Bubble

Marc Faber to Tech Ticker We are Doomed 12 Jan 2010

The FED makes record profit thanks to the Financial Rescue : 51 billions last year 46 B coming from the rescue effort , Marc Faber author of the Gloom Boom and Doom report tells Tech Ticker "The FED was not audited , so the profit who knows ???" In fact far from any auditing who could tell what are the real profits of the FED ! Marc Faber added that the private sector is acting rationally while the Government is not ...




Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

The global economy is on steroids says Marc Faber

In an interview with ABC Australia December 30th, Marc Faber explained that the global economy was on streoids for the past 9 months :
"The global economy has been on steroids for the past nine months and on that basis it's hardly surprising that equity markets have shot away."

He says there has been "a dash for trash" by investors, but the big challenge facing the world will be what happens when stimulus spending by governments fades away.

"The big question is going to be for 2010 is what happens when we come off the drugs and we take away the steroids?"

"Are we going to be in a position to actually still see the global economy growing overall and are we going to see the equity markets sustain their levels and sustain their growth."


Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Marc Faber still hyper bullish on Gold

According to Bullionvault Marc Faber is still advising investors to buy gold even at the present prices Marc Faber believes that Gold is the most interesting currency people should invest in "Gold remains the best bet as a currency these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of $1110 per ounce is less expensive than when it was sold for less than $300 per ounce years back..."
He was reported as saying in his first 2010 interview
"A company's stock could be less expensive at $100 than when it was selling for $10, because earnings growth has outpaced the appreciation of the shares and therefore its price/earnings ratio has declined. So gold could be cheaper at the current price than when it was at less than $300 because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing." He added

Marc Faber Moderately positive about Equities

The worst investment in the long run would be US treasuries and cash

Marc Faber Discusses U.S. Dollar, Stocks, Inflation

2009 was a good year to make money , in 2010 you would be lucky not to lose any money , says Marc Faber ...

Faber states that while 2009 a year of great capital opportunities , 2010 will be a year of wealth preservation. If asset markets were to weaken again, more fiscal and monetary stimulus would be implemented.



Dr. Marc Faber also known as Dr Doom is an investment adviser, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Watch scanner stocks says Marc Faber

Marc Faber advises to watch the body scanners companies for this 2010 , after Schipol in the Netherlands many airports around the world have manifested their interest in installing body scanners ...here is what Marc Faber had to say :
"watch scanner stocks. The cowards that tried to blow a hole in a plane got the ball rolling on body scanner-related companies. OSI Systems (OSIS) and L-3 (LLL) are climbing after reports surfaced that the Netherlands will begin using body scanners on all flights from Holland to the U.S. in the next three weeks. The Dutch are asking the EU to force all EU airports to have scanners. U.S. officials are calling for increased use of scanners to detect bomb-making components on people's bodies, according to reports. And the U.S. Transportation Security Administration intends to buy 300 more scanners next year.
That's where some of the action can be found in 2010. Stay tuned for more."
via www.wealthdaily.com

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Gold is my favorite currency Marc Faber

Equities and Gold Marc Faber Investments for 2010

In equities though, investors seem to be obsessed with “what the stock market will do” because they focus almost entirely on stock market indices. There is a possibility that equity markets will move, in 2010 and thereafter, into a volatile trading range as was the case in the 1970s. The point I wish to make is that good stock selection is at least as important as, or even more important than, “guessing” where the markets will go. Even in recessions and down-markets, some companies can continue to thrive.

I think it is important to understand that in emerging economies, where markets are far from being saturated, companies that execute well can continue to grow even in a poor economic climate. So, investors should focus on identifying well-run and promising companies, and fund managers who are conservative, disciplined, and focused.
The love for gold
I am not a perennial gold bug. But, when governments spend far more than they collect in taxes (large fiscal deficits), and when central bankers engage in reckless monetary policies and, instead of treating the causes of the problems (excessive debt growth), treat the symptoms (deflationary forces), gold as a currency does make a lot of sense. I need to clarify one point. When gold recently broke out on the upside above $1,000 per ounce I maintained that, whereas in the past the $1,000 level had been an area of resistance, with gold now above $1,000 it had become an area of support. I also said that if gold failed to hold above $1,000, I would become extremely concerned; and that in such a case a sell-off to $800 could not be ruled out, as failed breakout moves can lead to violent counter-movements. My feeling is that gold will hold above $1,000 and will trend higher over time. In fact, the breakout move of gold above $1,000 could be as significant as the decisive breakout move of the Dow Jones above the 1,000 level in early 1983.
in www.business-standard.com
Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Gold is a bargain at $1100/oz Marc Faber says

Gold is cheap to buy at $1,100/oz: Marc Faber

”Gold remains the best bet as a currency these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of $1,110 per ounce is less expensive than it was sold for less than $300 per ounce years back,”

”Now, just consider what the impact would be if China were to increase its gold holdings from presently less than 2 per cent of its $2.2 trillion reserves to 6 per cent or 10 per cent. Each 1 per cent increase in gold weighting would mean gold purchases of more than $20 billion, or nearly 600 tonnes,” Marc Faber Said
Via Commodityonline

Marc Faber Forecast for Year 2010

Marc Faber - How 2010 Will Pan out

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Volatility Will Increase, US Will outperform emerging markets in 2010 Marc Faber

Volatility Will Increase, US Will Lead in 2010 : Marc Faber

Marc Faber, editor and publisher of the the Gloom, Boom & Doom Report, shares his market outlook with CNBC.
Markets are likely to be more volatile and US markets are likely to outperform emerging markets in 2010, Marc Faber, author of the Gloom, Doom and Boom Report, told CNBC Wednesday.

"I think 2009 was an extraordinary year for capital gains because both commodities and stocks became extremely oversold," Faber said in an interview.

"I think 2010 is a year when capital preservation will be more important because I expect a lot of volatility up and down," he added.

Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"

Marc Faber on Bloomberg 28 Dec 2009

Marc Faber talks with the folks at Bloomberg TV about US stocks, investment strategy, the dollar, and inflation.
Dec. 28 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Deirdre Bolton and Jon Erlichman about the outlook for the U.S. dollar. Faber also discusses expectations for U.S. stocks, investment strategy and inflation. (This report is an excerpt. Source: Bloomberg)
“Sentiment on the U.S. dollar was really extremely negative over the last three months,” Hong Kong-based Faber said. “The other currencies are not much better. The dollar will appreciate against the euro by another 5 to 10 percent, and later on we’ll have to see, but that would be a near-term target.”



Dr. Marc Faber also known as Dr Doom is an investment advisor, investment analyst and fund manager author and publisher of the Gloom Boom & Doom Report . Dr Faber is known for his contrarian investment approach. Dr Marc Faber is associated with a variety of funds and is a member of the Board of Directors of numerous companies.
he became well known for advising his clients to get out of the stock market one week before the October 1987 crash. Dr Doom motto is "Follow the course opposite to custom and you will almost be right"