“The financial sector will contract and it will contract much more than we’ve seen so far” Marc Faber in Tokyo speaking at an event hosted by CLSA Ltd.
“The financial sector has been occupying themselves with trading against each other all day and it’s totally unproductive”
“It’s like a huge casino and that will come to an end.”
“I’m a little bit careful about the outlook for gold for the rest of the year”
“A countertrend rally could occur soon where stocks would suddenly rise quite substantially.”
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
