MARC FABER BLOG: Marc Faber expects a 20% correction in the Silver Market

Tuesday, May 3, 2011

Marc Faber expects a 20% correction in the Silver Market

Dr. Marc Faber has just released his latest issue of the GBD Gloom, Boom, and Doom Report where he gives his outlook for the stock market, gold and silver , emerging markets, and other financial issues. regarding the precious metals Marc Faber is still bullish on Gold as a long term investment however he is more cautious when it comes to silver because due to the recent sharp surge in silver's price in a relatively short time ( Silver gained 500% in two years and practically doubled in almost three months only ) Marc Faber expects to see a 20% correction

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aMacLarenMay 4, 2011 at 3:42 PM
If he's correct about the 20% correction, the price should be about there... $49.80 x 20% = $9.96 $49.8 - $9.96 = $39.84

If you prefer USA trading hours $49.56, with a target of $39.64.

Low on May 4 (so far) is $38.94
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Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.

Dr. Marc Faber Short Bio

Who is Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He 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. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.

Tuesday, May 3, 2011

Marc Faber expects a 20% correction in the Silver Market

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