Wednesday, May 9, 2012

Gold could fall to $1400, Stocks could plunge 20% says Marc Faber

Marc Faber : “Gold may not perform very well in the near future,” He said, explaining that the price “probably overshot” when it topped $1,900 last August.
“The gold market has performed so well,” Faber said, “we could have some setback.” U.S. stocks, may correct more than what people expect.” Faber said, .“Someone very bullish about stocks should be very concerned,” he said. - in MarketWatch
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.