What do contrarian investment advisor Marc Faber, billionaire George Soros and super investor Jim Rogers have in common? Well, all of them are bullish on either one or more classes of commodities.
Prices of many commodities, especially metals, energy and bullion have been on an upward trend despite the global financial downturn.
On the Dubai Gold and Commodities Exchange (DGCE), the total trade volume jumped 300 per cent year-on-year to reach 153,747 contracts last month.
Commodities in general are currently being influenced by outside macro-economic factors and not necessarily by supply and demand fundamentals.
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 ,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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.