Marc Faber 2012 – Markets are overbought, a Correction is coming

Markets are overbought, technically they have deteriorated, and we have very heavy insider selling, so I think a correction is coming.
About gold, He is not convinced that the correction, which began in early September with gold at $1920, is entirely complete. Marc continues to recommend a simple allocation to 4 asset classes: 25% gold, 25% equities, 25% real estate, 25% cash. He also expects higher volatility in the next few years.
Marc Faber the author of the Gloom, Boom & Doom Report said also that Bernanke will initiate Q3 only when the market goes down 10-15%. He believes that Q3 depends on the stock market (equity prices), and the price of oil, which is still high.

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.

Marc Faber: Government Will Seize Gold

Economist Marc Faber, publisher of The Gloom, Boom and Doom report, said the government will seize privately held gold but that doesn't stop him from buying gold. He prefers owning physical gold among all commodities. He advices Americans to store it outside the USA. He expects gold price to rise expotentially. Even though Mr Faber is staying out of commodities because he is worried that China will collapse, he buys physical gold every month.

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.

Marc Faber doom is not optimistic about the Euro

Marc Faber is not an optimist about the euro. He believes that overall, the USA economy is in better shape than the European economy. The results of the money printing in USA are good in terms of reviving and putting the housing bottom. That improves the economy there. According to some other experts, the USA economy stands now at the best place among the biggest developed nations (Europe, Japan), no wonder the USD is going up compared to the EUR and JPY.

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.