Marc Faber: “Will it go US$2,000, US$200,000 or US$2 trillion? I don’t know,”

[touchring]

Faber throws in the gauntlets:

“I don’t think the S&P will drop below 800 or 900, and eventually will go higher in nominal terms, but not necessary in real terms,” he said, predicting a correction in the measure in the “near term.”

http://www.bi-me.com/main.php?id=422...cg=4&mset=1011

[due_indigence]

Re: Marc Faber: “Will it go US$2,000, US$200,000 or US$2 trillion? I don’t know,”

I'm normally a big Faber fan. This nugget is from the Marc Faber blog. If I understand what he's saying here, if gold continues to go up, it will go up. However should it go down, it will go down. Thank you Marc.

"If the gold price breakout move above $ 1000 is real then gold should not decline again below the $950 - $1000 zone. Before, this range was resistance and now it should be a support range. However, if gold dropped below this range than I would be very concerned that a decline to around $ 800 could take place. I have consistently repeated that I hold gold and that I recommend the accumulation of gold."

[Mega]

Re: Marc Faber: “Will it go US$2,000, US$200,000 or US$2 trillion? I don’t know,”

"No Mr Bond, i expect you to die!"

Mike