Marc Faber : There is an Excess of Liquidity in The Markets

“Gloom, Boom & Doom Report” Editor Marc Faber appeared on the FOX Business Network to discuss his outlook for the markets and how investors should adjust their portfolios. When host Stuart Varney asked, “Are you calling for a huge selloff in the near future?” Faber responded: “Well, not necessarily in the near future but I think that if you look at the valuation of stocks, they’re high. If you look at the valuation of the U.S. dollar, it is high.” But Faber had a much more bullish prediction for precious metals. “There is a lot of liquidity in the world and I believe that whatever you think, the liquidity will move into precious metals in the next three to six months,” he said.

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.