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Marc Faber, publisher of the Gloom, Boom & Doom Report, said that gold may fall to $1300 before a rebound. He appeared on Bloomberg TV's “Street Smart” with Trish Regan and Adam Johnson today. Faber said:
“I love the fact that gold is finally breaking down. That will offer an excellent buying opportunity.” On whether a deflationary environment is possible right now.”
Faber also said:
“In the economy of the cuckoo people that populate central banks, everything is possible.”
2013-04-12 23:45:58
Source: http://www.hedgeaccording.ly/2013/04/marc-faber-gold-may-fall-to-1300-before.html