Insight Into Mongolian Mining Corp

Oct. 12 2010 | Mongolian Mining Corp is set to debut on the Hong Kong market today. In this First on CNBC interview, its executive director & chairman Odjargal Jambaljamts, sheds more light on its corporate strategy going forward, with CNBC's Bernard Lo, Lisa Oake & Sri Jegarajah.

Marc Faber Says World Heading for Major Inflection Point

“Instead of interest rates going down, they could start to go up, instead of the dollar being weak, it could strengthen,” “I’m ultra-bearish on everything, but I believe you’ll be better off owning shares than government bonds.” Investors should buy stocks and sell cash and bonds because governments are continuing to print too much money and may create a new “credit bubble,” Marc Faber, publisher of the Gloom, Boom & Doom report, told reporters during a forum in Seoul today 12 Oct 2010.

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Marc Faber sees interest rates going up within three months

One of the wisest and most trusted investment advisors in the world, Dr Marc Faber says that interest rates will be going up within three months after the bond market passes ‘an important inflection point’.

This is exactly the opposite of what the US Federal Reserve is promising, and is bound to turn global financial markets upside down. Higher interest rates will strengthen the dollar rather than weaken it, while the value of bond holdings all over the globe will be decimated.
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How Obama could confiscate your gold according to Marc Faber