Don't invest in anything for a week - Marc Faber

[finicky]

http://www.resourceinvestor.com/2012/07/26/marc-faber-says-hold-up-investing-for-10-days?ref=hp

July 26, 2012

With the euro-zone sovereign debt crisis coming to a head the man voted the fifth wisest investor in the world by a Bloomberg poll was advising caution over any investment in the next 10 days

Dr. Marc Faber said he favored equities over bonds for the long term after that and if forced to choose a 10-year investment would prefer equities, preferably in Asia. He remains as bullish as ever on gold that he promises never to sell. "Talk of a gold bubble is nonsense," he said.

 

[willrocks]

Any reason for the specific '10 Days' period? Does he know of some event that might be a game changer in the next 10 days?

 

[finicky]

Any reason for the specific '10 Days' period? Does he know of some event that might be a game changer in the next 10 days?

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

 

[adze67]

Any reason for the specific '10 Days' period? Does he know of some event that might be a game changer in the next 10 days?

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

 

[BullON]

Olympics?.

Interesting the after the Olympics in 2008 the markets started to tumble.

B.

 

[JulieW]

Interesting point in today's Daily Reckoning

Gold has been consolidating for a while now longer than any other time since the current bull market began according to Ronald Stoeferle in a recent report, 'In Gold We Trust'. The gold price peaked in September last year at $US1920 and is now trading around $US1615.

That's a fall of about 16%. That's not pretty for anyone who bought at the top. But it does look mild so far compared to the previous 19701980 bull market when gold went down 50% before going back up over eight times in value.

Bullion Vault also pointed out recently that in the last ten years every time the gold price has effectively gone nowhere for twelve months, gold gained 33% on average in the following year.

In the report 'In Gold We Trust', Stoeferle argues that 'the foundation for new all-time-highs is in place.' His main gist is that interest rates have to be kept low so governments can continue to finance their huge debts. And that's just for those already on the books. The future trend is falling growth but rising costs (healthcare, social security), which means more and more debt.

Even a modest rise in interest rates will force a big increase in debt servicing costs. So expect governments and central banks to act in concert to hold borrowing costs down, by printing currency to buy bonds. That means major central banks are going to keep debasing their currencies.

Welcome to 'financial repression'.

It's in times like these you get negative real interest rates and a transfer of wealth from savers to debtors.

 

[willrocks]

Any reason for the specific '10 Days' period? Does he know of some event that might be a game changer in the next 10 days?

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

There's so many things that could potentially go down. But to say 10 days just before the Olympics started does sound like he thinks something could happen. I can only imagine what a terrorist attack at the Olympics would do to the markets.

 

[Diablo21]

Olympics end on August 12...

 

[The Road Home]

Any reason for the specific '10 Days' period? Does he know of some event that might be a game changer in the next 10 days?

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

YES, I would like to elaborate although this would get me into trouble.

 

[jpanggy]

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

YES, I would like to elaborate although this would get me into trouble.

Please elaborate, I would like to hear all opinions.

 

[thatguy]

Don't know, but my firm guess is he has something specific in mind. Probably to do with EU upcoming events?

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

YES, I would like to elaborate although this would get me into trouble.

I don't mind if you get in trouble... it's a risk i'm willing to take. Please continue

 

[Chilli]

:lol:
as opposed to a soft one...
How long do the Olympics go for, and is he thinking something might happen there? :/

YES, I would like to elaborate although this would get me into trouble.

I don't mind if you get in trouble... it's a risk i'm willing to take. Please continue

Yes....... please do continue

 

[Lunarowl]

YES, I would like to elaborate although this would get me into trouble.

I don't mind if you get in trouble... it's a risk i'm willing to take. Please continue

Yes....... please do continue

yes please

 

[The Road Home]

Alea Iacta Est. The next portion of the intent will commence shortly.

 

[thatguy]

Alea Iacta Est. The next portion of the intent will commence shortly.

http://en.wikipedia.org/wiki/Alea_iacta_est

Byzantium stackers?

 

[finicky]

By the way - another fairly recent commentary by Marc Faber if you've missed it

http://www.youtube.com/watch?v=zWcs4MZGSJU

 

[Guest]

It's in times like these you get negative real interest rates and a transfer of wealth from savers to debtors.

Most of the industrialised western world has been undertaking such a process for around 15 years now with no sign of letting up.

It's the biggest bank robbery in world history.

 

[dccpa]

Olympics?.

Interesting the after the Olympics in 2008 the markets started to tumble.

B.

A large part of the reason for that was that China was pumping everything up through the Olympics.

 

[Photonaware]

Maybe he just read his horoscope.