Friday, May 31, 2013

GOLD @ 20000 ????????????????












The price of gold, which has fallen in recent weeks as part of a broader market sell-off, has even further to fall, Marc Faber, author of the Gloom Boom, and Doom Report.
"We overshot on the upside when we went over $1,900," said the fund manager, who has 25 percent of his portfolio ingold.
We're now close to bottoming at $1,300, and if that doesn't hold it could bottom to between $1,100-$1,120.
Faber, who said that the recent sell-off had come about following nervousness about industrial metals, added that a 40 percent correction wouldn't surprise him.
While he is bearish in the long-term, he forecast a rebound in markets in the short term .


Just See...........


1. Billionaire investor George Soros's hedge fund dumped most of its gold holdings during the first quarter, according to a securities filing .
Yes!!!!!!!!
Smartest People' Getting Out of Commodities!!!!!
2.History suggests a change in margin like that of the CME is a death verdict .
 

1 comment:

  1. This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free.
    Equity market tips

    ReplyDelete