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Goldtards!: Marc Faber Says “Gold Is Oversold Near Term”

 
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07/17/2012 10:11 PM
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Goldtards!: Marc Faber Says “Gold Is Oversold Near Term”
Marc Faber Says “Gold Is Oversold Near Term”

[link to www.zerohedge.com]



also

Faber: Rich will lose 50% in massive wealth destruction - MarketWatch

[link to www.marketwatch.com]

"..Faber was asked, “Will things get worse before they get better?”

Answer: “Yes, possibly much worse,” adding “most markets peaked in May 2011.” He expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.”

...

"The next “collapse will come on Bernanke’s watch.” Warning to investors: Bernanke’s second four-year term as chairman of the Fed ends Jan. 31, 2014. (He will remain a board member until 2020.)

Get it? There will be another crash. The crash will ignite before 2014 when Bernanke’s term ends. The crash will be worse than 2008..."

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