Marc Faber : Stocks and Silver Will Fall Sharply In May

Marc Faber author publisher and editor of The Gloom Boom and Doom report has just released his latest issue of the Gloom, Boom, and Doom Report where he discussed his outlook for the stock market, gold, emerging markets, and other financial topics. Here are a few highlights from the report:
Via The Daily Crux:

The markets are due for a correction and the technicals point to a weak market, Faber tells Wall Street Pit. In particular, he points to the decline in new 52-week highs as evidence of an unhealthy internal market.

Right now, Faber advises investors determined to buy stocks to stay away from cyclicals, tech stocks, and banks, sticking with safer plays such as consumer staples.

Faber, publisher of The Gloom, Boom and Doom report, likes gold as a long-term investment.

He’s more cautious when it comes to silver because of its recent runup in the price, and expects a 20-percent-plus correction in the metals complex because the inflation trade has become too crowded.

Faber says copper and the S&P 500 are highly correlated, and finds he fact that the stock index reached a new high while the metal didn’t is another signal that stocks could follow commodities lower in the short-term.

Faber says the U.S. housing market has another 10 percent to fall, but valuations are now attractive and housing hasn’t been this cheap since the early 1980s. In a serious inflation environment, Faber would rather own housing than paper dollars.

Source: News Max





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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 CNBC interview - 18 April 2011 Full Interview

Marc Faber , editor & publisher of "The Gloom, Boom & Doom Report" and John Noonan, senior FX analyst at Thomson Reuters, discuss the outlook for the U.S. dollar and how that will impact the price of gold and silver.





Related ETFs: SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG) Agriculture Fund (DBA), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT) United States Oil Fund (USO), SPDR Gold ETF (GLD), Powershares DB Agriculture ETF (DBA) SPDR S&P 500 ETF (NYSE:SPY), SPDR Dow Jones Industrial Average ETF (NYSE:DIA), iShares Russell 2000 Index (ETF) (NYSE:IWM), PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Investors Should accumulate gold reserves as a currency

In an interview today with CNBC Dr. Marc Faber editor & publisher of The Gloom, Boom & Doom Report said that Investors should be their own central banks and gradually accumulate gold reserves as a currency, rather than speculating in gold. Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report" talks about his preferred ways to invest in gold  " well basically I do not think that people should punt on Gold but they should be their own central bank and gradually accumulate gold reserves as a currency and they should basically hold it physically but not in the US outside the US " " I think there is the risk that the US will once again as they did in 1933 collect the gold expropriate the gold they will not take away and not pay anything they'll pay probably the market price and after they will revalue it it by say five times "


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 - Inflation and Dollar Collapse

Within a decade, the Dollar will collapse because of money printing and other issues.


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 and Peter Schiff - We are in a Bond Bubble

Marc Faber and Peter Schiff appeared on CNBC in August 2010. Peter Schiff and Marc Faber have met many times, and they agree on the state of treasuries and bonds. We are in the worst bond market in history. When people begin to realize that we can't service the debt, the United States government will no longer be able to roll it over into short term treasuries.

People are still interested in bonds because they are so adverse to risk. Unfortunately, there probably isn't any riskier a move than to lend money to the United States. 10 years ago, everyone was piling into the stock market. Since then, we have had a terrible ten years in the stock market. If you really are risk adverse, then you don't want to own bonds. You want to own gold.

Marc Faber agrees that there isn't much upside potential in treasuries other than the short term. If you are looking ten years ahead, treasuries are the last place that you want your money. The fiscal deficits will remain very high among governments, and one day the interest payments on the debt will become unbearable.

In 1999 and 2000, foreigners wanted to buy the NASDAQ. Now, they want to buy United States bonds. You shouldn't look at what foreigners are doing to determine where you should put your money. Agricultural commodities and gold are something that should be in any portfolio.

There is no question that people are making mistakes here. People have begun to save more, but unfortunately they are loaning their money to the government rather than to private enterprises. The money isn't being invested productively, and so all the savings aren't doing anything to help the economy.


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 Cash and Bonds are the worst investments, Oct 23, 2009

Marc Faber Cash and Bonds are the worst investments, Oct 23, 2009


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