Legendary investor Marc Faber, author editor and publisher of the Gloom, Boom and Doom Report, was this morning on CNBC , he talked about the outlook for the Gold market and how he thinks gold price will continue to fall to as low as $1100/oz by the end of the ongoing sell-off he also announced that he is looking to increase his equity exposure and he thinks that gold at this level is quite oversold and that he considers buying some gold in the next two days
Did Faber say gold would go down to 1100? or rather that the S&P would go down to that level?
ReplyDeleteS&P.
ReplyDeleteThe poster made a mistake. Faber said he would buy gold around this price today