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Sunday, November 27, 2011

Shorting the Australian dollar as a way of playing the slowdown in China

Marc Faber : “Everything I recommended at the January Roundtable is still OK, but I wouldn’t rush to buy now because if China slows more, other Asian nations will suffer. I also recommend shorting the Australian dollar as a way of playing the slowdown in China, which will lead to reduced demand for industrial commodities. Australia, a major commodities producer, is like a warrant on China. I would rather short the Australian dollar because the Chinese market already has fallen 30% from its August 2009 high.

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

MARC FABER BLOG

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