With gold consolidating recent gains and continued volatility in global equity markets, today King World News interviewed legendary investor Marc Faber, author of the Gloom Boom and Doom Report. When asked about the action in global markets Faber responded, “My view is that we made a top between February of this year and June and that we had a very sharp decline. Thereafter a rebound on the S&P from around 1,100 to around 1,200 and that we are drifting again lower and that we will break the low that we made in July/August at 1,101 (on the S&P). So we’ll head towards 1,000 I guess.” Marc Faber continues: (more)
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