Dr Marc Faber
Posted by commoditywatch on November 2nd, 2009
Dr Marc Faber, editor of the Gloom Boom Doom Report.
‘The two worst investments are bonds and cash. I would accumulate equities on weakness.’
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November 2nd, 2009 at 2:15 pm
Great job getting Faber on, it’s a good interview
November 27th, 2009 at 11:13 pm
Ello Dominic,
Lovely tunes…who is the band.
Marc Faber is an intellectual. I have his 1994 Forbes article and my take on him is he is very good on buying collectibles for profit. In the 1994 Forbes article he had bought 5,000 badges of Mao Tse Tung for US 0.25..that is 25 cents in 1970 or 1975 and in 1994 he claimed was worth $1.00 a piece. Nodoubt, in 2007 when the Chinese stock mkt was at 6,000 he could have sold them for $1,000 a piece mininimu. So he is best at this avenue from my vantage point.
Here is what will happen in 2010. All will crash except the US dollar/ US index. Wait till January to get long the US dollar/US index. I’m expecting the ES ( emini S& P 500 to hit 1126.25….its teasing at 1112.25). YM has hit the target, so has NQ and TF…waiting for ES.
Gold, Silver is going to crash…and the downfall in gold will take it below $680 to $640…the previous monthly target. Lets say at $700-640 by latest Jan 2011.
NY and its real estate should make headlines in Jan 2010 or March 2010 as the headline will read NY State Bankrupct and then commercial real estate will crash.
So the play for 2010 is the US dollar via the index….futures or calls. The low should be in the range of 74-71 cents by Jan 2010…and then the target up is 85-95 cents. The Yen and the CAD and the AUD will falter but not by much.
The Yen, GBP, CAD, AUD, Euro will make their highs in 2012 and the US index will be at 41 cents by then.
I really should be managing money…for the future is known. But I’m a soccer player and just a street smart person with no prestigious qualifications…..After all Jesus was a rebel…so best to be a rebel when it comes to making money.
Will be in touch Dominic.
Best.
Socrates