Posted: 14 Aug 2012 01:12 PM PDT
(Marc Faber is one of worlds most respected economists known for criticizing the inflationary activities of the world central banks. He is the advisor to major investment organizations. He invited frequently on CNBC and Bloomberg to speak on gold, stock market and world econimic outlook. read more http://en.wikipedia.org/wiki/Marc_Faber)
Marc Faber, editor of the Gloom Boom and Doom Report tells CNBC MoneyControl.com, the markets can rally into mid-late August.
He says September-November may be tougher months however, we could reach new highs on the S&P at the 1450-1500 range. He suggest there could be a 20% decline some time in the fall.
Marc states the global economy is slowing down, there is little growth in the United States, and Europe is in a recession
In terms of gold, Mr. Gloom, Boom, and Doom indicated the yellow metal is NOT in a bubble but is fairly priced. Faber suggested gold could move up 10-20% in the next six months.
Source: My Investment Diary: Marc Faber: Gold could move up 10-20% in 6 …
Read on the Blog: Marc Faber – Gold Fairly Priced, Could Rise 20% in 6 Months