March 13, 2012

Gold: There`s Significant Support Around 1500, But It Could Drop Lower

All I'm saying is that, in my opinion, the gold price correction is not yet entirely completed. I see significant support around the $1,500 USD/oz level, but it could drop even lower.
We could have a big correction if global liquidity tightens or they stop printing money said

Marc Faber

in the Middle East Investment summit, Dubai.

Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.