Marc Faber thinks the Gold Price has reached a Bottom

(Summarily translated from Dutch )
Marc Faber, publisher of the Gloom, Boom & Doom report, was not to save. Way in recent weeks from the press In an interview with Barron's Faber stated that stocks are dead money, it makes no more sense to look to the fair. Wall Street

However, the situation of the gold on the other hand has taken a turn in the right direction. Since the gold price in September 1921 has reached a peak, the gold is in a major correction phase. The good news is that finally seems to be behind their back.

The sentiment towards gold has become so bearish that probably the basis for the next phase increase is placed. Gold demand from China remains strong and Faber holds a number of gold mining shares closely. The prices of these mining stocks can shoot namely through the ceiling.

http://moneytalk.knack.be/economie/geld-en-beurs/beursnieuws/marc-faber-denkt-dat-de-goudprijs-een-bodem-heeft-bereikt/article-4000436362819.htm


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Price : About 10 days ago, all shares became incredibly cheap in terms of their valuation compared to the gold price

Marc Faber : "First of all, I have a preference for physical gold, held in a safe deposit box outside the United States, and preferably in Asia, for a variety of reasons," he said. "About 10 days ago, all shares became incredibly cheap in terms of their valuation compared to the gold price, and, as you say, some experts don't like gold."

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Why hasnt the GOLD PRICE Held Up? - Marc Faber On Bloomberg

Marc Faber On Bloomberg  : Why hasn't the GOLD PRICE Held Up?



Local gold stocks are taking a big hit this morning after the price for the precious metal fell into bear market territory in offshore trade on Friday, sinking to its lowest level since August last year. This outlook is even direr for gold.

The plunge in the gold price has pushed the ASX's gold stocks sub-index down 7.7 per cent in early trade.

The precious metal was trading at $US1493.45 this morning, down 4.2 per cent from local trade on Friday.

US investment bank Goldman Sachs put a ''sell'' on the metal last week, which sparked an early sell-off.

But IG strategist Evan Lucas said it had come under even more pressure from technical selling, as it broke through the $US1522 support level to fall to $US1483.

''The bears roared even harder towards the end of last week as soft data led to analysts making the call that a period of deflation is on the cards, as the US stimulus package floods the market, but is not followed by any discernible changes to the economy,'' he said.

''This outlook is even direr for gold.''

Thomas Averill at Rochford Capital said gold had also fallen on the back of concerns that America and other G20 countries would criticize Japan at the upcoming G20 meeting over monetary policies that have weakened the yen and as a result, gold.

''I think you'll see the Japanese reassure world leaders that their new monetary policy is not designed to deliberately weaken the yen,'' he said.

Mr Averill said it was only a short-term problem for gold, which would pick up later in the week.

''I would say that gold shouldn't lose much more,'' he said. ''The G20 meeting is a bit of a distraction, but after this week, we are predicting a resumption of the yen trade, which supports the gold price.''

Burrell Stockbroking adviser Jamie Elgar said the recent rally on stock markets - Wall Street posted record highs last week - had also dampened demand for gold.

''I think gold started to come off over the last couple of months as people started becoming more confident in equities,'' Mr Elgar said. ''Particularly as the economic data out of China and the US was looking pretty good.''

Shares in Australia's biggest listed gold company, Newcrest, fell 7.5 per cent this morning to $18.26.

Here's how some of the other local gold miners are performing: Kingsgate Consolidated: Down more than 12 per cent Alacer Gold: Down more than 15 per cent

Precious metals investors can't look back at this week's declines in gold and silver and not be a little upset. But it's important to keep in mind that nothing happened this week that reversed the decade long bullish trends for gold and silver. So, keep in mind that for over a decade gold and silver have gone up for a reason; the mismanagement of the world's monetary system by the global central banks. That plus all financial assets today have huge counter-party risk thanks to the fraud plagued OTC derivatives market, whose notional value is in the hundreds of trillions. Physical gold and silver have no counter-party risks for their owners, and this makes them especially attractive to forward thinking investors. This lack of counter-party risk also makes the old monetary metals objects of ridicule by the global financial industry, who market fraudulent "financial assets" by the trillions of dollars, euros and other currencies.

Are there any indications that central bankers have seen the error of their ways at the end of this week? Good grief no! The Bank of Japan has reaffirmed its commitment to destroy the yen as an economic asset, and the ECB is scheming to confiscate Cypress's "excess gold reserves". Our Doctor Bernanke is no monetary slouch either. Look at the post credit crisis Federal Reserve's balance sheet in the chart below. Since 2008 the supply of newly created digital dollars has exploded. If US Currency in Circulation (CinC / Green Plot) lags behind the growth in digital dollars (Blue and Red Plots), it is most likely because the Earth doesn't grow enough cotton to supply both the world's textile mills and the US Treasury's need for high-grade cotton based paper for its paper money production. That's a scary thought that just might be true!

Marc Faber - 2013 Gold Price Prediction

Marc Faber in a recent interview discussing his predictions and outlook for 2013 regarding gold and silver prices. I have some concerns about confiscation especially in the united states Faber said " I have argued for the last 12 years that investors should buy a little bit of physical gold every month and put it aside without concerns about corrections. If you don't own any gold, I would start buying some right away, keeping in mind that it could go down. For the last 40 years in my business I've seen people always lose money when they put too much money into something and then it goes down. They panic and sell, or they have a margin call to sell—and lose money. I own gold. It's my biggest position in my life. The possibility of the gold price going down doesn't disturb me. Every bull market has corrections." Marc Faber said in another interview regarding owning Gold

Marc Faber : Gold Still Cheap but sharp declines are possible

Dr. Marc Faber One of the most prominent gold price bulls over the past decade has At the recent CLSA Investors’ Forum 2010 in Hong Kong, Faber said that he still sees the price of gold as relatively inexpensive, despite the record levels being reached this recently, but there is always a risk of sharp corrections that may occur from time to time , Marc Faber denied that gold could be in any form of a bubble
saying “given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world.“ Faber advices investors to accumulate gold through monthly purchases , and to avoid putting too large a portion of their money into the yellow metal, because here is always the possibility of sharp declines which can be expected from time to time. “We can have one day a correction of 20 to 30%,” Marc Faber explained. As an example, he pointed to the gold price performance in the 1970s, which saw the price of gold tumble from $195 to $105, before ultimately rising above $800 per ounce.

Marc Faber : Gold Price should be treated in the same way that a company stock

"A company's stock could be less expensive at $100 than when it was selling for $10, because earnings growth has outpaced the appreciation of the shares and therefore its price/earnings ratio has declined. So gold could be cheaper at the current price than when it was at less than $300 because of the explosion of foreign exchange reserves in the world, zero interest rates, the huge debt overhang, and the expectation of further money printing."

Marc Faber on Gold China India Japan and The Emerging Markets

Marc Faber Financial Times Interview 23 February 2010

Marc Faber says that he is still a gold bug especially when he sees the faces of Ben Bernanke and Geithner and the way they have been printing money lately , one can only be bullish on gold , Marc Faber expect that Asia will slowdown this year due to a slowdown in China , other resource countries like Australia Brazil will also suffer from the Chinese slowdown , there are today more mobile phones and cars in China than they are in the United States of America Marc Faber explains , China today exports more to other emerging markets than it exports to the developed economies , Marc Faber elaborate on the how he sees India and Japan markets ...

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.

Marc Faber on Crude Oil Gold and Risky assets

Q: There has been another curious development these past few months, which is that gold has been rallying along with many of these so-called risky assets. Do you read it as a warning signal that gold has been around the USD 1,000/oz mark?

A: Basically to some extent it is a warning signal for central banks because since 2001 the price of gold has gone up four times and that should make central bankers think that there is some kind of inflation in the system. It may not be inflation in consumer prices, although as you know in India recently food prices went up by 15%. So, in general we are in an inflationary environment. We have in the US a central bank that purposely wants to lower the value of the US dollar in terms of its purchasing power and also wants to eliminate one of the functions a cash deposit has which is namely to be a store of value. So, we see an elimination of these conditions, I believe that a lot of people consider gold to be an alternative to cash as I do. Now can the price gold move down somewhat? Yes, of course but I think we have some support for gold prices as it moves down from Asian central banks that own very little gold.

Q: While gold and metals have had a pretty sharp rally, crude has actually not been moving with that much momentum. For crude prices how do you foresee the next couple of months shaping up?

A: We had a more than doubling of crude oil prices between December 28 of this year until recently from USD 32/bbl to over USD 70/bbl. A correction is possible in the order of 10-20% – that I don’t know but in the long run given the increased demand from emerging economies for oil and given the fact that every year we burn more oil than we add to reserves, I think that the fundamentals of oil for the long run are relatively favourable.
Via www.moneycontrol.com
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.

Gold is a bargain at $1100/oz Marc Faber says

Gold is cheap to buy at $1,100/oz: Marc Faber

”Gold remains the best bet as a currency these days because of the fact that the yellow metal supply is extremely limited. Gold at the current price of $1,110 per ounce is less expensive than it was sold for less than $300 per ounce years back,”

”Now, just consider what the impact would be if China were to increase its gold holdings from presently less than 2 per cent of its $2.2 trillion reserves to 6 per cent or 10 per cent. Each 1 per cent increase in gold weighting would mean gold purchases of more than $20 billion, or nearly 600 tonnes,” Marc Faber Said
Via Commodityonline

Marc Faber Sky is the only limit for gold price

Nov. 18 (Bloomberg) -- Marc Faber, investor and publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Susan Li about the outlook for gold prices and his investment strategy. Faber, speaking in Singapore, also discusses Asian banks and rates the success of U.S. President Barack Obama's trip to China.

Marc Faber Bloomberg Interview 18 November 2009
Uploaded by MarcFaber. - News videos hot off the press.

Related Tags: Marc Faber Gold China Japan Asia Stocks marcfaber peter schiff ron paul jim rogers david tice lateline australia Faber, Bailout, Economy, Crisis, Inflation CNN Newsroom CNBC Reports Barack Obama Hyperinflation ben bernanke gerald celente Imf silver dollar collapse Bonds Commodities Euro Europe Globalisation Mark Yuan bubble credit FED housing money UK banking forclousure stockmarket system depression recession z00mvision nwo un and Doom Gloom Blackstone Bob economic interest joe kernan Leesman manoftruth rates rick santelli Steve Fannie Freddie bloomberg documentary famine feast food special television Commodities, International, Gold, Alan Greenspan Bust Vagabond Investors Real Estate Thailand, Brokers, Merrill, Lehman, Crunch Markets, Banks Bailouts Media journalism AIG Bailouts, Crunch, Recession, CNBC, Volker Your Meltdown, Rescue, Paulson, Fed, AC360 Anderson Cooper

Gold could go bellow $800 says Marc Faber

In an Interview with Business Intelligence Middle East Marc Faber said that he has short term concerns about commodities,and that gold may drop to US$800 :
Faber also said that he is more negative about US bonds under a further deterioration of the economy than under a recovery, adding that 'inevitable' further economic weakness 'will lead to further fiscal stimulus packages and necessitate further money printing'.
"I would regard a failure to hold above the “upside breakout points” in the period directly ahead with great caution. In the case of gold a decline below US$1,000 would likely lead to further more meaningful weakness, possibly down to between US$800 and US$900," Faber added.
Read Article>>>

Related Tags :Technical Analysis Charts Gold Stocks China Deflation Reflation Commodities Jim Willie Treasuries Dollar Energy Economy Marc Faber Japan Asia american armageddon CFR cnn crisis financial nwo peter rogers schiff silver wallstreet dow emini forex futures jones live nasdaq oscar trading with ron paul david tice lateline australia fiat amero new currency standard bretton woods zeitgeist addendum market crash bank collapse department depression derivitive economic endlessmountain fdic federal george4title great holiday house manoftruth mccain meltdown nuclear obama october palin reserve revolution senate treasury visionvictory youchooseaside Inflation Newsroom DTOM video,day traders,traders, swing traders,finance,investor,banks,market news, traders,investors,stock market,technical analysis,technical levels,oil, Gerald Celente Glenn Beck Dave Ramsey Chris Martenson Precious Metals Merrill Lynch Skarica GATA Bill Murphy CNBC Reports Barack Hyperinflation Najarian Adrian Douglas WallStreetCheatSheet Damien Hoffman Alternative Medical Puru Saxena, Energy, Natural Gas, Gold, Commodities, Guppy, alan alex bailout ben bernanke bob bullion chapman coin comex credit goldman greenspan herbert IMF jp keiser larouche lindsey LTCM maloney manipulation max michael morgan Moriarty rockefeller rothschild sachs stacy wearechange weimar williams Bear Bloomberg money Stearn economist estate housing mortgage real subprime builders euro home Investing Soros yen yuan box bubble. crunch foreign squawk angelpub buillion goldworld mccoach palladium platinum mining peak profit wealth commentary prices chinese Agoracom PaulvanEeden.com PDAC 2008 Cooper Das Krista recession todays S&P Capital capitalgoldgroup Food Shortage The commodties copper hommel jason lead nickel stockreport uranium zinc explore micro mine penny pink tedsaidit terbo Bundchen falling Gisele north union bearish nation bankers international fournerat investments l4anyrat lane lanevids bush clinton election hillary irs vote

Marc Faber : Gold will never go to $1,000 again

Speaking at a conference in London this week, Marc Faber said:

“We will not see less than the $1,000 level again. Central banks are all the same. They are printers. Gold maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.”

Related Tags : peter schiff ron paul marc faber Inflation CNN David Tice Jim Rogers Battaglia Casey Chris collapse crisis deflation depression dollar Doug gold haven Hommel hyperinflation investment James Jason Joe Morgan Puplava recession revolution riots rise safe silver Sinclair Turk Waltzek China Japan Asia Stocks Pt1 20 2008 CNBC Fast Interest Money November Rates The swine flu commodities Glenn beck Gerald Celente Nouriel Roubini George soros Amero euro currency Warren Buffet scandal Fema Camps toxic assets NWO UK Britain pound sterling Max Keiser Lou Dobbs civil unrest turmoils Alex jones Icke Bob Chapman economy meltdown Worst Scenario 2020 obama mayors stimulus wisely Illuminati new world order skull bones bohemian grove AC360 Anderson Cooper FOX Bloomberg aljazeera buffett downturn fall marcket wall street trader Madoff Schould Secretary Treasury this Ponzi Scheme Business News Bill Mark Murphy Faber, Bailout, Fed, Newsroom $700 banking Ben Bernanke billion Bush Eeden federal financial Fleckenstein Gagnon great Hank Hayes Laidner Louis Paulson reserve Sam subprime van lateline australia 2009 doom dr february interview Economy, Crisis, http://peterschiff.tk http://schiffreport.tk CNBC, Credit Crunch analysis commentary g-20 monetary summit system marcfaber Brown Campbell brothers leman prining Precious Metals Miners Exploration pessimism porn barack cheney Freemason Volker http://marcfaber.tk Roges 2010 Butler comex default GATA predictions Ted Vlog 31 July Hard Investing Agnetha Faltskog forecast forecaster international investments Korelin Maloney Mike price Save Kudlow Video Blog