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Monday, September 26, 2011

Video Interview CNBC 26 Sep 2011

Gold May Fall to $1,100 says Marc Faber, author of the Gloom, Boom and Doom Report, tells CNBC that he thinks gold could fall to $1,100 an ounce by the end of the ongoing sell-off

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

Gold at these level is quite oversold but it Could Fall to $1,100/oz

Marc Faber , author of the Gloom, Boom and Doom Report, tells CNBC that he thinks gold could fall to $1,100 an ounce by the end of the ongoing sell-off "We overshot on the upside when we went over $1,900," he said "We're now close to bottoming at $1,500, and if that doesn't hold it could bottom to between $1,100-$1,200." he added



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

Sunday, September 25, 2011

for the US it is more important to have a strong dollar than to have a strong stock market

Marc Faber : ...My view has always been that if the S&P drops to around 900 - 950 we get QE3 for sure , but one investors are looking at the stock market and that stocks overseas and it went down yesterday sharply but on the other hand I am very happy because the dollar went up , I think for the US it is more important to have a strong dollar than to have a strong stock market- in Reuters 



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

Friday, September 23, 2011

You do not need the FED to tell you that something is wrong with the economy

Marc Faber : you do not need the FED to tell you that something is wrong , the stock market in the US peaked out on May 2nd of this year when the S&P went to 1370 and since then most stocks are down 20 percent , the Banks have collapsed yesterday some of them made new lows and the economic sensitive sector like the materials copper shares iron ore steel have been very weak so you do not need the FED to tell you that something is wrong with the economy , the stock market is telling you globally that something is awfully wrong ,
 - in Reuters

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

Thursday, September 22, 2011

The decision of Mr Bernanke not to expand the balance sheet is the best decision I have seen for a long time from a US central banker

Marc Faber : ..It is going to be huge but we do not know when because the Central Banks around the world they are going to print print and print , whereby I have to say that today the decision of Mr Bernanke not to expand the balance sheet is the best decision I have seen for a long time from a US central banker , and people say the stock market when down WOW ! I lost some money ! but the dollar went up we are international investors we want to see a strong dollar never mind the stock market ...

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

Wednesday, September 21, 2011

The Gold price is cheaper than in the 1980s when it was around 400 dollars an ounce

Marc Faber : I have been writing every month that people should accumulate gold. Yes, there is more room for gold to appreciate further. Most people do not own gold. Most people think gold prices are very high. Today, the gold price is cheaper than in the 1980s when it was around 400 dollars an ounce, considering the increase in global monetary base and the US money printing.




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

Gold is an insurance against a systemic failure

Marc Faber : I think it is important for investors to understand the role of gold as an insurance against a systemic failure and not necessarily as a hedge against inflation. I should add that I own gold for both reasons, believing that it will perform well in both an inflationary and deflationary environment. In addition, I am not selling any gold but traders should realize the gold price is extremely overbought and that it could easily drop toward the 200-day moving average – that is, between $1,500 and $1,600 (not a prediction). As I just said, I am not selling my gold because I expect much higher prices in future. But, near term, both T-bonds and gold appear vulnerable to a more serious correction. - in Beacon Equity 




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

Sunday, September 11, 2011

They wont call it QE3 but indirectly it will be QE3

Marc Faber : "they'll come in with some kind of package but they won't call it QE3 but indirectly it will be QE3 than there will be more QEs until the final collapse happens " , Faber says , and when asked when he thinks the final collapse happens he answers : " well it could be three years ten years , I do not think it will happen right away " - in Yahoo Finance


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

Gold Should Be Worth between $6,000 and $10,000 per ounce

Marc Faber : According to some statistics the gold price today should be worth between $6,000 per ounce and $10,000 per ounce. - in Yahoo Finance


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

Friday, September 9, 2011

Marc Faber Interview with Yahoo Tech Ticker - 09/09/2011

Marc Faber : look I have a TV in my office , if I switch it on once a month to look at the news that's about it I am not interested in the Garbage these government officials broadcast either they are lies or they are distrustful , You can't trust them anymore because they produce statistics that are completely unrealistic. "Basically if you believe in a market economy and capitalistic system you don't believe in government intervention," Faber says. "If you want to have a properly functioning economy it has to be a market economy with all its drawbacks and disadvantages and the pain for individuals. That is the only way [the economy] will function."

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

Obama Job Plan is A Complete Joke

Marc Faber : The package is another complete failure of Keynesian economics and corrupt interventions. This all amid talk of deficit reductions. The package is a complete joke. - in CNBC 




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

Thursday, September 8, 2011

Gold an insurance against systematic failure and problems in the financial markets

Marc Faber :  I don’t think that gold is in a bubble, When you buy gold, it’s an insurance against systematic failure and problems in the financial markets. I’d buy every month a little bit of gold - Faber, publisher of the Gloom, Boom and Doom report, said in a phone interview yesterday from Chiang Mai, Thailand.- in Bloomberg


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

We will not have an official QE3 announced immediately

Marc Faber : Yes, I’m sure money printing will come back. We will not have an official QE3 announced immediately, but I think that if the stock market weakens further, they (central planners) will take some additional printing measures along with Europe for sure. - in Liberty CPM 




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

Wednesday, September 7, 2011

9/11 expanded the willingness of policymakers in the U.S. to print money

Marc Faber : There’s no question that today, 10 years after 9/11, the entire financial structure of the U.S. is much worse than it was in 2000 and 2001. Household credit mortgage debt, government debt, unfunded liabilities, less people employed and the population is up. The U.S. is much worse off than before 9/11. For that we have to thank expansionary monetary policies. The Fed cut interest rates in January 2001, but because of 9/11, they cut it further to 1% and left it at 1% until June 2004. The recovery in the U.S. began in November 2001. Interest rates were far too low, far too long. And even after June 2004, credit growth increased. 9/11 gave them ammunition to keep an expansionary monetary policy that led to excessive leverage, and excessive credit growth that led to the housing bubble of 2007/2008. What has also changed after 9/11 is that geopolitical considerations, while not the most important issue today in the minds of most investors, at least have become more important. The engagement of America, particularly less so in Iraq but moreso in Afghanistan and Pakistan, has led to enormous instability in that region. Plus the fact that the cost to the U.S. economy of the Iraq invasion and the Afghani expedition must run between $1 and $2 trillion. The second consequence of the war is the U.S. dollar is weak. Nobody can tell me the weak dollar is desirable. It’s a decline of the living standards of Americans relative to other countries in the world. The U.S., instead of spending on the war, could have used that money to rebuild crumbling infrastructure. Without the war effort, I suppose that there might have been less expansionary monetary policies and slower increases in commodity prices. In the second half of 2007 and first half of 2008, the global economy was slowing and in recession, but because of expansionary monetary policies commodity prices went ballistic and oil rose. It wasn’t because of demand going up; it was because of artificially low interest rates. 9/11 expanded the willingness of policymakers in the U.S. to print money. - in Marketwatch


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

Monday, September 5, 2011

Bullish on Japanese banks, brokerages and insurance companies

Marc Faber : “They have a better loan portfolio than the European banks,” Faber said of Japanese banks. “The banks in Asia are in a very solid position. All these are a play on the recovery in the stock market in Japan.” - in www.ibtimes.com


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

Money as a store of value is no longer existent

Marc Faber : ...well I think everybody knows money has different functions one of them is obviously to facilitate the exchange of goods and services the other one is to be a store of value and the third one is a unit of account , and I think that with zero interest rates and cost on living increasing in the order of 5 to 10 percent for most families in the United States , Money as a store of value is no longer existent and that's what I mean with Honest and Dishonest Money , and if look at the monetary base how it's grown since the mid 1980s and especially if you look at M1 that recently has reached the growth rate that is the highest in 35 years then you will ask yourself what will ultimately the value of paper money be - in Bloomberg Radio Interview



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

The Keynesian economics create again volatility in the market

Marc Faber : Many things don`t make perfect sense because markets are rigged. I am not saying they are rigged by purpose, but artificially low interest rates lead to very high economic and financial volatility and with the intervention, the Keynesian economics, you basically have more and more regulation and more patchwork that creates again volatility in the market. - in Bloomberg Radio


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

Sunday, September 4, 2011

Gold Outlook

Marc Faber : For the next 6 months gold will rather decline than go up. - in Bloomberg Radio


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

It would not surprise me to see gold down to $1,600

Marc Faber : It would not surprise me to see gold down to 1,600 dollars because recently there has been probably a bit too much enthusiasm. At the same time, what is interesting is that gold in this latest bull market started to rally at the end of June at 1,600 and it went to 1,900. At the same time, treasuries also started to rally. .... This is in a way very illogical because you would want to be in bonds in a highly deflationary environment, and you would rather want to be in gold in an environment where you think money printing will drive up prices. - in Bloomberg Radio 03 Sept 2011



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

Saturday, September 3, 2011

Emerging markets will expand

Marc Faber : “I do not think that investors fully appreciate the enormous shift that has and is occurring in the balance of economic power from the Western world to emerging economies,” “I happen to feel that somewhere in the world we can make 7% on equities for the next 10 years,” “I can buy you a portfolio of high-dividend stocks in Asia that would have a yield of 5% to 7%.” “They have a better loan portfolio than the European banks,” Faber said of Japanese banks. “The banks in Asia are in a very solid position. All these are a play on the recovery in the stock market in Japan.” - in www.ibtimes.com



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

Gold is worth its weight

Marc Faber : “The function of paper money is to facilitate the exchange of goods and services, to be a store of value and a unit of account — the U.S. dollar fails on all three,” . “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?” “Physical gold in a safe deposit box is the safest,” “Forget about huge capital gains. I would look at capital preservation. I want to preserve my capital.




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

Gold Prices : I Hope It Will Drop 100 Or 200 Dollars

Marc Faber :The gold price is coming down, and I hope it will drop 100 or 200 dollars. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently. - in Bloomberg 


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

There is hardly any growth in the western world

Marc Faber : I think we never really came out of the last recession in many different sectors of the economy, although in some sectors we came out. And when you look at the world, the emerging market has continued to grow throughout the period from 2008 up to today. There is a slow down occuring in emerging economies but in the western world there is hardly any growth. - in CNBC


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

Banks In Asia Are Sound

Marc Faber : Banks in Asia are reasonably sound because they never went and invested in all kinds of Greek bonds, and Portuguese bonds and so on and so on. - in CNBC




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

Thursday, September 1, 2011

Faber commenting on Gary Schilling bet against copper:

Marc Faber : “I have known Gary Schilling since 1970 when we worked together. He has been a frequent bear about commodities and about copper. I happen to think copper is likely to come down, but I would not bet too heavily on it, because it takes a long time to bring on additional copper mines. Unless the Chinese economy collapses, the demand for copper will stay relatively high. If the Chinese economy collapses and Jim Chanos is right, then you want to be short not only copper, but short everything.”
 



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

On insider buying

Marc Faber : “The insider buying has picked up, but there is still a lot of insider selling. Compared to all the selling in the last six months the buying is relatively muted. The insiders in general are a group of people against whom I would not bet against necessarily. All I am saying is I am very bearish. I think we will have inflation. I think the Treasury market is a disaster waiting to happen. I think the economy will slow down. They’re going to print money and we will go to war at some stage somewhere. So, you are probably better off in equities than in bonds. My favorite investment remains gold. As it happens the gold price is coming down, and I hope it will drop $100 or $200. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently.”



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