The Phaserl


MARC FABER: Not Even Gold Will Be Able To Save You From What Is Coming

by Matthew Boesler, Business Insider:

Marc Faber who authors the Gloom Boom & Doom newsletter, is usually pretty bearish on stocks and bullish on gold.

Lately, though, gold doesn’t seem like it can catch a bid.

“Despite the continued reverberations regarding the Cyprus bailout and its involvement of bank deposits, gold struggled to maintain the positive momentum created in the first two weeks of March and instead now looks very likely to move lower, towards $1580/oz,” wrote Deutsche Bank commodities analyst Xiao Fu in a note this morning.

So, what does Faber have to say about it?

Wednesday morning, on Bloomberg Surveillance with Tom Keene and Alix Steel, Dr. Doom was asked why gold wasn’t holding up. Here’s his explanation:

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1 comment to MARC FABER: Not Even Gold Will Be Able To Save You From What Is Coming

  • 8Ball

    Time for the “legendary” J. Sinclair over at KWN to come out with another “bold prediction”…

    The fact is, no one knows what is going to happen and markets are driven by hype and perception. Sinclair should know this well. He’s the one who hired a bunch of actors dressed up as Arabs to come into the exchange and go over to his order desk. All to give the “perception” that the A-rabs were buying heavily into Gold.

    Caveat Emptor

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