Interesting radio - Faber on gold ABC right now

Discussion in 'Gold' started by VRS, Apr 15, 2013.

  1. VRS

    VRS Well-Known Member Silver Stacker

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    Faber compares this event to 40% correction between 1974-1976

    After which there was an 8-fold increase in price

    Aussie gold stocks fell 10.5% today alone (that's phyzz)

    Gold is down 22% from 2011 high - 'relatively minor in a World dominated by unlimited money printing' he says

    As long as they keep printing money, this may just be a natural pull-back... allowing the big banks to restock physical gold before a continuation of a bull market caused 'by unlimited QE' particularly in the US, Europe & Japan

    (I'm still calling $1250 by May 15th btw)

    VRS
     
    VRS, Apr 15, 2013
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  2. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    What channel?... they often podcast!
     
    Clawhammer, Apr 15, 2013
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  3. TheEnd

    TheEnd Well-Known Member

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    It just dropped straight down another $20 a few minutes ago (6.55pm)....... I might have to go get a new big as bank loan and buy up big next month me thinks?
     
    TheEnd, Apr 15, 2013
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  4. TreasureHunter

    TreasureHunter Well-Known Member

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    How much could it correct? What do you think?

    In fact, I did hear that "magical" 40 % for this period as well. Could it go down 40 %?
     
    TreasureHunter, Apr 15, 2013
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