In an Interview with Business Intelligence Middle East Marc Faber said that he has short term concerns about commodities,and that gold may drop to US$800 :
Faber also said that he is more negative about US bonds under a further deterioration of the economy than under a recovery, adding that 'inevitable' further economic weakness 'will lead to further fiscal stimulus packages and necessitate further money printing'.
"I would regard a failure to hold above the “upside breakout points” in the period directly ahead with great caution. In the case of gold a decline below US$1,000 would likely lead to further more meaningful weakness, possibly down to between US$800 and US$900," Faber added.
Read Article>>>
Related Tags :Technical Analysis Charts Gold Stocks China Deflation Reflation Commodities Jim Willie Treasuries Dollar Energy Economy Marc Faber Japan Asia american armageddon CFR cnn crisis financial nwo peter rogers schiff silver wallstreet dow emini forex futures jones live nasdaq oscar trading with ron paul david tice lateline australia fiat amero new currency standard bretton woods zeitgeist addendum market crash bank collapse department depression derivitive economic endlessmountain fdic federal george4title great holiday house manoftruth mccain meltdown nuclear obama october palin reserve revolution senate treasury visionvictory youchooseaside Inflation Newsroom DTOM video,day traders,traders, swing traders,finance,investor,banks,market news, traders,investors,stock market,technical analysis,technical levels,oil, Gerald Celente Glenn Beck Dave Ramsey Chris Martenson Precious Metals Merrill Lynch Skarica GATA Bill Murphy CNBC Reports Barack Hyperinflation Najarian Adrian Douglas WallStreetCheatSheet Damien Hoffman Alternative Medical Puru Saxena, Energy, Natural Gas, Gold, Commodities, Guppy, alan alex bailout ben bernanke bob bullion chapman coin comex credit goldman greenspan herbert IMF jp keiser larouche lindsey LTCM maloney manipulation max michael morgan Moriarty rockefeller rothschild sachs stacy wearechange weimar williams Bear Bloomberg money Stearn economist estate housing mortgage real subprime builders euro home Investing Soros yen yuan box bubble. crunch foreign squawk angelpub buillion goldworld mccoach palladium platinum mining peak profit wealth commentary prices chinese Agoracom PaulvanEeden.com PDAC 2008 Cooper Das Krista recession todays S&P Capital capitalgoldgroup Food Shortage The commodties copper hommel jason lead nickel stockreport uranium zinc explore micro mine penny pink tedsaidit terbo Bundchen falling Gisele north union bearish nation bankers international fournerat investments l4anyrat lane lanevids bush clinton election hillary irs vote
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.