, Marc Faber Blog: June 2013

Saturday, June 29, 2013

Markets Are Oversold


Marc Faber said that new highs in emerging markets were unlikely and did not see any buying opportunities in emerging markets, yet.

- Source, CNBC:

Tuesday, June 25, 2013

Continue to Accumulate Physical Gold

"Technically, commodities look horrible…precious metals look bad. But tech factors would suggest we’re approaching at least an intermediate low. The commercials, which are essentially hedgers, people who produce gold and so continuously hedge, at the present time they have an extremely low short exposure, basically they’re accumulating gold.

“Whereas gold is close to $1,300 compared to say $700 in 2008, conditions in the mining industry are horrible. The exploration companies are running out of money and industry conditions are worse than they were in 2008. So I think that a lot of supply that potentially comes to the market through new exploration will simply not be there. In emerging economies sovereign funds, central banks and individuals will continue to accumulate physical gold."

- Source, Market Watch:

Sunday, June 23, 2013

Gold is Very Oversold

"Well, right now equities, bonds and gold are very oversold. They can easily rally on the S&P. We could rally 43, 50 points, but I don't expect a new high. Just in case a new high would be achieved in the next two months or so, it would not be confirmed by the majority of shares. In other words, very few stocks would lead the advance. In terms of bonds, they are also incredibly oversold. Where the sentiment about equities is actually still rather positive and all of these super bulls still predicting the market to continue to rise into 2014, 2015. In bonds and gold, sentiment is by historical standards incredibly negative. As a contrarian, I would rather buy bonds and gold than equities."

- Marc Faber during a recent Business Insider interview:

Friday, June 21, 2013

Likes Bonds, Gold More Than Equities


Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the stock, bond and commodity markets. He speaks with Trish Regan and Tom Keene on Bloomberg Television's "Street Smart."

- Source, Bloomberg TV:

http://www.bloomberg.com/video/marc-faber-likes-bonds-gold-more-than-equities-Ion1OVtGStKU5~YkYfs7Hw.html

Sunday, June 9, 2013

People With Financial Assets Are All Doomed

As Barron's notes in this recent interview, Marc Faber views the world with a skeptical eye, and never hesitates to speak his mind when things don't look quite right. In other words, he would be the first in a crowd to tell you the emperor has no clothes, and has done so early, often, and aptly in the case of numerous investment bubbles. With even the world's bankers now concerned at 'unsustainable bubbles', it is therefore unsurprising that in the discussion below, Faber explains, among other things, the fallacy of the Fed's help "the problem is the money doesn't flow into the system evenly, how with money-printing "the majority loses, and the minority wins," and how, thanks to the further misallocation of capital, "people with assets are all doomed, because prices are grossly inflated globally for stocks and bonds." Faber says he buys gold every month, adding that "I want to have some assets that aren't in the banking system. When the asset bubble bursts, financial assets will be particularly vulnerable."

- Source Zero Hedge, read the full article here:





Friday, June 7, 2013

The U.S Will Default

"For a while, yes, but at some point people will wake up and realize that the U.S. will default through a depreciating currency—in other words, through printing money—or by not paying the interest on the bonds. I don't think the U.S. will stop paying the interest, but printing more money will weaken the currency and produce higher inflation in consumer prices, asset prices and commodity prices. So being in U.S. government bonds will result in losses to investors through currency depreciation."

- Source, The AUReport:

Wednesday, June 5, 2013

Total Collapse of Confidence

"The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system."

- Marc Faber, author of the Gloom, Boom and Doom report.

Monday, June 3, 2013

I Have Never Seen Such a Disconnect

"In the 40 years I've been working as an economist and investor, I have never seen such a disconnect between the asset market and the economic reality ... Asset markets are in the sky and the economy of the ordinary people is in the dumps, where their real incomes adjusted for inflation are going down and asset markets are going up."

- Marc Faber, author of the Gloom, Boom and Doom Report

Saturday, June 1, 2013

Some Totally Different Advice


"While we have all heard the apocalyptic prognostications by the accented Swiss, and there is little doubt where the Gloom and Doom reside, here is some very unexpected advice on the Boom. Make that the "Boom Boom"... room."

- Source, Zero Hedge: