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0.51% $1,391.7 gold futures

mar faber gold to correct by 20 percent

  1. cya
    3,836 Posts.
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    27/01/11
    17:39
    Post #: 7798907
    http://globaleconomicanalysis.blogspot.com/2011/01/marc-faber-on-investing-opportunities.html

    30% correction in emerging markets (supports my china call)
    Buy US treasuries
    Strengthening USD
    Gold to correct to correct by 20%
    Faber is a gold bug all along
    All bull markets have corrections
    To call a correction is not to deny the overall investment direction
    If gold corrects 20% and the AUD corrects to say 0.75 watch out gold equities
    Great buying opportunity
    My view gold around $800 USD so an AUD gold price of say $1000-1100

    Value at posting: $0.00
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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