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Marc Faber : I love the Fact that Gold is Finally Breaking Down , Gold Is not Down as Much as Apple the Bull Market is not Over
Be prepared for the next great transfer of wealth and the collapse of fiat currencies around the world. Buy physical silver and storable food.
World renown author and forecaster Marc Faber’s [Tomorrow's Gold: Asia's age of discovery
April 12 (Bloomberg) — Gloom, Boom and Doom Report Publisher marc Faber discusses the markets, gold and his investment strategy on Bloomberg Television’s “Street Smart.” (Source: Bloomberg) Marc Faber : “I love the markets. I love the fact that gold is finally breaking down. That will offer an excellent buying opportunity. I would just like to make one comment. At the moment, a lot of people are knocking gold down. But if we look at the records, we are now down 21% from the September 2011 high. Apple is down 39% from last year’s high. At the same time, the S&P is at about not even up 1% from the peak in October 2007. Over the same period of time, even after today’s correction gold is up 100%. The S&P is up 2% over the March 2000 high. Gold is up 442%. So I am happy we have a sell-off that will lead to a major low. It could be at $1400, it could be today at $1300, but I think that the bull market in gold is not completed.”
2013-04-14 12:02:01
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[I love the fact that gold is breaking down, that will offer an excellent buying opportunity.] This is proof of what I have been saying. The Feds want you to panic and sell your gold so they get their grubby little hands on it.