Marc Faber, "Industrial Commodities are Very Cheap in Real Terms"

By on March 7, 2009

Marc Faber was on CNBC’s Fast Money yesterday and said that industrial commodities were very cheap in real terms (at new lows) and said oil servicing companies should do “O.K.”

Faber said the Taiwanese and Japanese equity markets were cheaper than the U. S., which he would consider cheap if it reached 1990’s S&P 500 level of around 300.

Faber also said Korea and Thailand were attractive given their relative strength so far this year.

Faber recently in another interview said he was positive on certain gold mining exploration companies including Ivanhoe Mines (IVAN), NovaGold Resources (NG), and Gabriel Resources (GBU).



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