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by winston » Fri May 20, 2016 8:38 pm
Faber is bullish on mining stocks as well as on oil and gas names.
His reasoning is that if the values of currencies become depressed, gold and other commodities could see additional demand from those hoping to use them as stores of value.
"The most attractive asset in my view is gold shares and oil and gas shares"
He warns that "the market will not go up. Technically, the market isn't looking very good"
by winston » Thu Jun 02, 2016 1:00 pm
by winston » Fri Jun 10, 2016 10:54 am
by behappyalways » Wed Jun 29, 2016 10:30 pm
by behappyalways » Wed Aug 10, 2016 10:01 am
by winston » Wed Aug 24, 2016 10:12 pm
Now emerging and developing economies account for almost 60% of global gross domestic product (GDP).
Outbound tourism expenditures from China reached US$215 billion in 2015, which was a 53% increase over the total recorded by the World Travel & Tourism Council (WTTC) in the previous year.
China’s increased travel spending boosted economic activity in other countries in the region, including a “mini-boom” in money spent by foreign visitors in Japan.
During his presentation, Faber estimated that China contributed around 130 million outbound tourists each year to the global economy.
Faber recommends that investors hold real assets that will appreciate with inflation, such as holding 25% in gold and “some” in real estate.
by winston » Tue Sep 13, 2016 6:35 pm
The BoJ owns more than 50 percent of Japanese ETFs [exchange traded funds], which own large parts of the underlying companies. So indirectly they may own 20 percent of the Japanese companies, and they can go up to a higher level.
You can still hoard real estate, food, cigarettes, and precious metals, but you can’t hold cash anymore.
I think holding all your assets in cash is very dangerous. I want to be diversified;
I hold some cash, bonds, equities, some real estate, and some precious metals.
The moment you diversify your returns are sub-optimal but, it’s likely to preserve your capital.
by winston » Thu Dec 01, 2016 8:35 am
With stock markets surging after the election, Marc "Dr. Doom" Faber is looking to several trades that appear contrarian, including gold and emerging markets.
Aside from gold, the editor and publisher of the Gloom, Boom and Doom Report said he sees opportunity in some other beaten-down assets, such as the euro and bonds.
In an interview Tuesday on CNBC's "Trading Nation," he also warned investors to stay away from assets that have rallied recently, like the U.S. dollar. And large-cap American stocks may not be all they're cracked up to be.
Essentially, investors should look to sectors and stocks that are "oversold, and avoid the sectors that are overbought," he said.
Faber said emerging markets, in the red since Election Day, could be a golden opportunity in the new year. He particularly likes Brazilian and Russian stocks, which have been "very miserable performers since 2011."
"I think that in 2017 my recommendation would be to overweight emerging economies, and I would also overweight Europe, partly because I think that the sentiment about the U.S. dollar is far too optimistic. I think the dollar is terribly overbought and overvalued, so I wouldn't get into the U.S. dollar at this time," Faber said.
The U.S. dollar index has risen 2 percent this month, climbing two weeks ago against a basket of currencies to its highest level in 13 years.
On the other hand, gold, often considered a safe haven trade in times of economic turbulence, has tumbled nearly 7 percent since the election. Faber said that gold, and shares of the gold miners are "attractive" at these relatively lower levels.
Meanwhile, "the U.S. market is not quite as strong as the indices would suggest," Faber said. He believes that a small number of stocks have led the rally, and that the U.S. economy has shown only "low-quality growth."
Faber has long had extremely bearish positions on U.S. stocks, and has been a gold bull, giving his predictions a mixed track record over the past few years.
by winston » Mon Feb 27, 2017 9:02 am
Stocks are very overbought and sentiment is way too bullish for the so-called Trump rally to continue.
"China looks quite attractive," said Faber. "For the next three months, money can flow into China.
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