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Wednesday, January 9, 2013

Marc Faber : you cannot predict the markets

Marc Faber : "The markets that have performed extremely well since the lows of 2009 are not going to do particularly well in 2013," "I am very cautious on 2013. I don't particularly like any assets right now.""But we have so much government intervention," "you cannot predict the markets...I just see that governments will print money, and there will be competitive devaluations. "So I want to have gold as an insurance policy.""I intend to increase my gold position on any further weakness, although I am concerned that US Dollar strength could be a headwind for a strong gold rally."

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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