Marc Faber buys Gold mining stock

Last week, I bought for the first time in a long time a gold stock. Gold and silver mining stocks have the potential to rebound by between 30% and 40%.

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: US stocks and market vulnerable

In the US also many stocks have given up their gains. In the near term we are bit oversold and we may rally to around 1660 or 1670. We could make a new high but the new highs would not be confirmed by the majority of shares so I think the market is actually quite vulnerable.

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 Fed has no exit strategy

They [The Fed] will continue to print in my opinion. I don't think they will have an exit strategy, ever. There is no exit. They are so deep into essentially monetizing the U.S. debt. The U.S. Treasury and the U.S. Fed is one and the same. This game will continue for a long time but the impact on the asset markets, that is the question.

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

China credit bubble dangerous

In the last 20 years China has made huge progress, huge economic development, but I equally feel post crisis in 2008 there were massive monetary and stimulus that has led to a huge credit bubble. I think that credit bubble is rather dangerous. I do not believe the current Chinese economy is growing at 7 or 8 percent but rather like 4% or even less. The credit bubble will come undue sooner or later.

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

I Have Never Seen Such a Disconnect

"In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality ... Asset markets are in the sky and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up."

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