17 April, 2010

China Is Waiting For Lower Gold Prices

"My sense is that if gold went lower than US$1,050, the Chinese would come in and buy some. I think they're waiting for lower prices"

in www.marketoracle.co.uk

Related ETF`s: Market Vectors Gold Miners ETF (Public, NYSE:GDX), SPDR Gold Trust (ETF) (Public, NYSE:GLD)

Related Stocks: NovaGold Resources Inc. (USA) (Public, AMEX:NG), Newmont Mining Corporation (Public, NYSE:NEM) and Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX)

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.