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Thursday, January 8, 2015

Gold could go up even if Stocks Decline

I believe that say if the stock market drops more than 20 percent, the Fed would step in. Actually I wouldnt be surprised if the Fed didnt step in after a 10 percent correction. That would be close to 200 S&P points. But on a 400 S&P point decline, for sure the Fed would again implement asset purchases, and I think at that time Gold could really take off, and because junior mining stocks and large ones use their high leveraged play on the price of Gold, I believe yes they could go up if stocks decline.

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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