From 2000 Will oil hit $100 per barrel? http://www.ameinfo.com/16512.html From 2007 No option for Fed except a bail out! http://www.ameinfo.com/131614.html From 2001 Go for gold to beat the coming currency crisis! http://www.ameinfo.com/16517.html Should Bill Gates trade Microsoft for gold? http://www.forbes.com/global/1999/1115/0223099a.html From 1999! Gold Will Never Fall Below $1,000 Again http://seekingalpha.com/article/174028-marc-farber-gold-will-never-fall-below-1-000-again From 20010 Quite the trackrecord right... Sure there were some bad calls as well but overall...wow. Who can say if Bill Gates listened to him he would be 5 times richer then today? Anyway... Big question ofcourse remains if his latest stand will prove to be just as accurate. The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society. Let's hope not.
my favorite call was on cnbc in 2007. faber said that if the fed cut interest rates from 5% to 0% the dow would go to 50k but it wouldn't matter cause the dollar would be worthless. instead the dollar ripped 20% and the dow was cut by more than half. mentally the guy is living in a time where there is no credit. in other words, he is clueless.
Hey thanks for quoting the OP in your reply. Had you not done that I would be clueless as to what you were referring to.
There are few people I actually listen to or track at all in any media format as it relates to trading as 99% of it is noise or even worse manipulation, but Faber and Rogers are two people I listen very closely to for macro themes. I don't agree with everything they say but their way of thinking is what catches my ear. Cut through the agendas (often commodities and Austrian themes) and get down into the macro themes and I have to say they are both interesting, and very few others I hear interviewed or presenting even come remotely close to these gentlemen on hunting big macro waves.
you make an average of less than 10 posts a year yet you felt the need to make one about this?! what's really on your mind, ed?
It won't happen. All gov'ts are running the printing press to cover their budget deficits. The dow 50,000 call clearly explains how moronic and exaggerate this guy is.
And what would be the purpose of quoting the OP as a first reply and then being a smart-ass with myself?