“What I said and also wrote in my last report is this:
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.”
in Market Oracle
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.
