Faber: Gold won't drop below $1000 per ounce again, ever
- Thread starter makloda
- Start date
Whatever comes out of Goldman's mouth is pure pump and dump. Always has been.
I would look at their propaganda with a more jaundiced eye than Faber's.
I would look at their propaganda with a more jaundiced eye than Faber's.
Well, it was more of a joke really due to the implicit suggestion by Spindro of Faber being a sell out gone mainstream only talking shit to rack up his convention fees and driving the sheep into the ground.
I'd say if Spindro has a problem with that kind of financial 'advisors' there are better ones available to target then Faber indeed.
That is should gold remain steady above 1K obviously.
But really, give the man some credit where credit is due.
Should Bill Gates trade Microsoft for gold?
Marc Faber, 11.15.99
http://www.forbes.com/global/1999/1115/0223099a.html
Faber has a record is a little better than 50% accoding to CXO, a tad better than rolling dice. Much better than most of Wall St. still, which are much much worse.
He made many excellent calls, specifically his focus on dollar weakness and a secular precious metal/commodity bull market. But he also found himself like a deer in the headlights at times (see the 2003 rally, or the 2006 summer rally). Note how he was constantly talking about a coming treasury bear market that never materialized (over the last 9 years anyways):
http://www.cxoadvisory.com/gurus/Faber/
He made many excellent calls, specifically his focus on dollar weakness and a secular precious metal/commodity bull market. But he also found himself like a deer in the headlights at times (see the 2003 rally, or the 2006 summer rally). Note how he was constantly talking about a coming treasury bear market that never materialized (over the last 9 years anyways):
http://www.cxoadvisory.com/gurus/Faber/