Thursday, October 6, 2011

The 30 year US Government Bonds are completely unattractive

Marc Faber : I would not take the risk to be long 30 year Government Bond in the US for another 3 weeks unless I am a trader , from an investment point of view I regard them to be completely unattractive , but as a trader as I said may be you can make some money in the next ten days or so I wouldn't take the risk and I would prefer to actually bet that we have a repeat of October 2008 to March 2009 when bonds peaked out the dollar dropped out and eventually asset market bottomed out in March 2009 , so I think that from here onwards the downside in Asia I'll be inclined to accumulate shares ...- in CNBC-TV18

Industrial Commodities are vulnerable and still remain vulnerable

Marc Faber : If you look at the environment we are in , there are a lot of similarities with 2008 where basically the financing for the exploration companies dried up the global liquidity shrunk asset prices collapsed but the US Dollar and the US government bonds were strong , and we have a repeat here of that situation ,my saying is that industrial commodities are vulnerable and still remain vulnerable . In the case of Gold and Silver I think increasingly they will be perceived as cash and increasingly they will move in strong hands- in CNBC-TV18

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