Marc Faber Sees 10% Correction Before Resumption of Uptrend

By on April 7, 2009

On Bloomberg, Marc Faber was bearish short-term but saw gains extending into July. He believed Asian equities were very favorable and probably hit their lows in November 2008.

Faber still recommends the purchase of gold even though it would be “dead money” in the near-term. He would buy if prices dropped to between $750 and $800 an ounce.


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