Sentiment about Precious Metals is Incredibly Negative

“I have to say that sentiment about precious metals is incredibly negative and all these “experts” are predicting the gold price to drop to $700. Well, understand, these are experts that never owned a single ounce of gold in their lives!” “So they missed the five fold increase since 1999!” “But they all know that the price of gold will go to $800, they write about it with a lot of authority.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.