The SP, in the end is determined by gold price & here's Marc Faber's current comments on gold:
"...Faber believes there could be a significant correction in gold and other commodities. This could be a rather large decline, but would represent a buying opportunity...."
For those who may not have heard of Faber, here's a comment by Beacon Equity Research:
"How much faith should we place on Faber?s views? It?s probably wise to keep anything Faber says in your mind. His record for market calls is considerably better than most market observers, and his reputation for being truthful with investors has made him an icon among skeptics of government and central bankers."
Read more: http://www.beaconequity.com/which-way-will-stocks-go-in-october-marc-faber-weighs-in-2010-10-05/#ixzz11vdV49pX
The SP, in the end is determined by gold price & here's Marc...
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Last
$1.81 |
Change
-0.045(2.43%) |
Mkt cap ! $2.049B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.83 | $1.79 | $1.726M | 954.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 31946 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 16591 | 26 |
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| Last trade - 12.45pm 08/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |