Tuesday, January 29, 2013

Enjoy the Market Rally While you Can

by Jeff Cox of CNBC

Investor "euphoria" is taking stocks higher but eventually will be their undoing, market bear Marc Faber told CNBC.

The author of the widely followed Gloom Boom & Doom Report said the current rally, which has seen the Standard & Poor's 500 gain more than 5 percent in 2013 and 12 percent since its November 2012 low, is getting tired and will run out of steam soon.

"We are very overbought, but it is also possible that we have a mild correction in February and then a further increase in stock prices," Faber said on "Closing Bell."

He added it would be "something that would be similar to '87 where in the first half of the year until August the market went up by 41 percent (only) to lose 40 percent in months in October and November. So it's a possibility that we have a lot of volatility this year in equity prices..."

- Excerpt from a recent article by Jeff Cox of CNBC, read the full article here:

Potential for a Market Crash

Marc Faber appears on Fox Business news, where he discusses the potential of an eventually market crash.

- Source, Fox Business:


Friday, January 25, 2013

Markets Will Punish Interventionists

"Regardless of what the markets do near-term, a correction is overdue," Marc Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent' stabilization - "anything can go up when you print money"; to US equity exuberance - "a correction is overdue and February is a seasonally weak month"; Faber sees no change from Geithner's handover to Lew as he opines: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would beembarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."

- Source: From a recent Zero Hedge post, read the full post here:


Thursday, January 24, 2013

Faber to Shiller - “You Keep Your Dollars And I’ll Keep My Gold”

“Everyone should keep gold in their portfolios” as the precious metal will be able to offer value to investors even in a worst-case scenario, said Marc Faber, the publisher of the Gloom, Boom & Doom report. "In the worst case scenario, in the systemic failure that I expect, it would still have some value,” Faber, who is also the founder and managing director of Marc Faber Ltd., said today at an event hosted by Evli Bank Oyj in Helsinki. Faber said his outlook was so bleak that he is “hyper bearish”. He joked that “sometimes I’m so concerned about the world I want to jump out of the window.”.. In response to a question from Yale University’s Robert Shiller querying the recommendation to hold gold, Faber said: “I’m prepared to make a bet, you keep your U.S. dollars and I’ll keep my gold, we’ll see which one goes to zero first.” Shiller, who is the co-creator of the S&P/Case-Shiller index of property values, responded "I'm inclined to think gold prices after this crisis might return to a lower level. Given the low yields of the alternatives [ie, bonds], the valuation of the stock market doesn't look so bad." Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to massive size of the global derivatives market which is now worth over an incredible $700 trillion. He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system.”

- Excerpt from a recent Zero Hedge article, read the full article here:

Monday, January 21, 2013

No Government Complies With Anything!

Marc Faber appears on CNBC's Squawk Box. He discusses how government uses debt to win votes and get itself re-elected. Because of this he see's a global collapse in 5 - 10 years.

- Source, CNBC's Squawk Box:

Friday, January 18, 2013

Gold, Economic Collapse, Reset Button, New Financial System

Jeanne Yurman of Reuters interviews Marc Faber of the Gloom, Boom and Doom Report. Marc Faber explains how the government cannot fix the financial problems. All that they can do is print more money.

- Source, Reuters:

Wednesday, January 16, 2013

Why I'll Never Sell Gold

"Renowned fund manager Marc Faber comments on why he remains bullish on the yellow metal."

- Source, CNBC:

Saturday, January 12, 2013

Marc Faber's 2013 Gold Predication

Marc Faber appears in a recent interview on Russia Today discussing his predictions and outlook for 2013 regarding gold and silver prices.

- Source, RT:

A Bigger Financial Crisis is on the Way!

Marc Faber of Boom Gloom and Doom appears on Fox Business News. He warns of a global economic meltdown that is on the way. He says a bigger financial crisis is on the way.

- Source, Fox Business News:

Marc Faber - Warns of Massive Economical Meltdown Soon

Marc Faber joins CNBC from Hong Kong. He warns of a massive economic meltdown that is coming very very soon.

- Source, CNBC: