I Am A Little Bit Apprehensive About This Universal Bullishness

That’s correct. And in general, I am still positive about economic growth in the emerging world. But what disturbs me now is that in late August, sentiment was very negative worldwide and people said that Dow would drop to 1000 and so on. Suddenly now, the consensus is that you have to be in equities, you have to be in gold, you have to be in
assets, because central banks around the world will print money. That’s correct, they will print money.

But sentiment has become so universally bullish that about all assets, especially emerging economies — in US dollar terms — are up. This year, the Indian market is already up 19%, Malaysia 28%, and the Philippines, Indonesia and Thailand each over 40%.

We already have big moves and I see all brokers upgrading the earnings estimates and so forth. So, I become a little bit apprehensive about this universal bullishness. I would rather think that after a strong month of September, when everybody was expecting September to be a horrible month, October and November may be bad months.

In the past, October has frequently been a disastrous month, like we had the October 1987 crash, we had the late September-early October 1929 crisis. In 1976 and 1978, we had very bad months in October and November. So, who knows, out of this present bullishness, we could have some kind of a sharp correction developing.

in Economic Times

Related ETFs: ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR S&P 500 ETF (NYSE:SPY), SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), WisdomTree India Earnings Fund (ETF) (NYSE:EPI), Market Vector Russia ETF Trust (NYSE:RSX), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), iShares MSCI Taiwan Index (ETF) (NYSE:EWT), iShares MSCI Thailand Index Fund (NYSE:THD), SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 (ETF) (SDS), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index (ETF) (IWM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Yuan Will Continue To Appreciate Against The US Dollar

I think the yuan will continue to appreciate against the US dollar alongside the other asian currencies, because China with its large reserves can basically force the other currencies in Asia upwards by buying them.

I don`t think China is terribly concerned about a 10 or 20% appreciation of the yuan versus the US dollar. But what they don`t like, is to be pushed around by someone like Mr. Obama.

in CNBC, September 27

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bloomberg Video: S&P 500 And Gold Outlook

Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan.

Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index. (Source: Bloomberg)

00:00 Yuan appreciation; other Asian currencies
04:32 Outlook for gold prices; S&P 500
Running time 06:35

Related ETFs: ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR S&P 500 ETF (NYSE:SPY), SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

I Think People Should Have At Least 50% Of Their Money In Emerging Economies

Different people have different investment objectives but I made a presentation recently where I showed, that in terms of goods markets, the emerging world is now larger than the developed world and so I think people should have at least 50% of their money in emerging economies. With interest rates at zero and with the prospect that they will stay at zero, or below zero in real terms for a long time, I think cash is not particularly attractive.

I think US government bonds are unattractive in the long run, although they may be attractive for the next three months. I would recommend to people to accumulate precious metals and invest in a basket of shares in emerging economies.

in Seeking Alpha

Related ETFs: iShares MSCI Emerging Markets Indx (ETF) (NYSE:EEM), WisdomTree India Earnings Fund (ETF) (NYSE:EPI), Market Vector Russia ETF Trust (NYSE:RSX), iShares MSCI Brazil Index (ETF) (NYSE:EWZ), iShares MSCI Taiwan Index (ETF) (NYSE:EWT), iShares MSCI Thailand Index Fund (NYSE:THD)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Modern Society Lifestyle

Twenty years ago, a family spent its income on housing, clothing, food appliances, cars, a radio and a TV. Today, it will spend additional money on a DVD player, computers, fax machines, printers, several cellular phones and a whole host of other new electronic gadgets. Modern society requires people to continuously enlarge the basket of goods that are considered necessary to lead a "good life".

Marc Faber

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

We Can Have One Day A Correction Of 20 To 30% In Gold

“Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble"

Dr. Marc Faber, CLSA Investors Forum 2010 in Hong Kong

Faber advised investors to build exposure to bullion via monthly purchases and avoid sinking too large a share of their total wealth into the metal, as violent pullbacks can be expected. “We can have one day a correction of 20 to 30%,” Faber said.

He noted the 1970s bull market in gold saw prices plunge 50 percent, from 195 USD to 105 USD an ounce, before then rising to more than 800 USD an ounce.

Dr. Faber also cautioned physical gold holding in the United States and Switzerland were subject to the possibility — considered remote by mainstream observers — of forced sales to the government. Precious metals investments held in the Hong Kong or Singapore banks were safer, as these jurisdictions, influenced by China, were likely to resist US political pressure on individual investors.

Source: CBS MarketWatch

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Is Not In A Bubble, But A Pullback May Occur

At a CLSA Investors’ Forum 2010 in Hong Kong, Faber said, “Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble.”

While Faber doesn't believe we're in a bubble with gold, he does advise investors to increase their exposure on a monthly basis, and not to increase the percentage of their overall wealth too much into the metal, even as gold prices continue to skyrocket.

He also said there still will be strong corrections at times, a reason he suggest investing on a consistent basis instead of all at once.

Faber said under the right conditions, there could be a pullback as high as 30 percent. He cited the 50 percent drop in gold prices in the 1970s, where prices fell from 195 dollars an ounce to 105 dollars an ounce, although they resumed their upward climb to over 800 dollars an ounce afterwards.

The point he's making is don't attempt to time the gold market.

in www.lewrockwell.com

Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (AMEX:NG)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Japan: I Think There Is An Opportunity

It’s a country that people have given up on. The catalyst for a rally could from come a weakening yen, which in turn would weaken the attractiveness of the bond market and push investors to equities in the search for dividend yields.

I think there is an opportunity, because compared to the bond yield Japanese stocks are inexpensive.

in Market Watch

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold: I Don`t Think We Are In A Bubble

“Given all the unfunded liabilities and the money printing in the world and the size of the financial assets in the world, I don’t think we are in a bubble”

in CLSA Investors’ Forum 2010 in Hong Kong

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Bullish On Japanese Stocks

Japan’s stock prices may rise in the next 12 months because the yen may weaken, investor Marc Faber, publisher of the Gloom, Boom & Doom report, said at CLSA Asia-Pacific Markets’ annual conference in Hong Kong.

in Bloomberg.com

Related: iShares MSCI Japan Index (ETF) (NYSE:EWJ), Toyota Motor Corporation (ADR) (NYSE:TM), Sony Corporation (ADR) (NYSE:SNE), Canon Inc. (ADR) (NYSE:CAJ), Mizuho Financial Group, Inc. (ADR) (NYSE:MFG), Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU), Nomura Holdings, Inc. (ADR) (NYSE:NMR), Kubota Corporation (ADR) (NYSE:KUB), HONDA MOTOR CO., LTD. (ADR) (NYSE:HMC)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

The Rate Of Inflation Is Significantly Higher Than What Governments Are Saying

US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying.

You can see it when you pay for your insurance premiums, your groceries, your child's pre-kindergarten schooling in New York there has been a loss of pricing power for most people.

in Reuters

Related: SPDR Gold Trust (ETF) (NYSE:GLD) , iShares Silver Trust (ETF) (NYSE:SLV)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Gold Performance Compared To Equities

Often experts compare the performance of gold to equities over the last century. But this is sort of like comparing apples and oranges. Firstof all, most companies that existed in 1890 no longer exist today. If you invested in stocks in 1929, most of them are bankrupt anyway. So you had to rebalance your portfolio.

Still, there will be periods of time when equities perform better than gold and silver, such as in 2009 when the stock market bounced from the sell-off that was triggered by the financial crisis that began the previous year. Then there will be times when gold and silver perform than equities and certainly better than bonds and cash U.S. dollars.

in community.nasdaq.com/

Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), SPDR S&P 500 ETF (NYSE:SPY)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Geopolitical Problems Will Rise In The Next 10 Years

"I believe geopolitical problems will rise in the next 10 years and could have a devastating impact on financial assets."

Read more: http://community.nasdaq.com/news/2010-09/kitco-econference-coverage-gold-holds-value-free-from-default-riskfaber.aspx?storyid=36181#ixzz0zV8ZXTxc

in Kitco e-conference

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Latest Video Interview: CNBC India

"We are going to be in a trading range" - Marc Faber

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Industrial Commodities Are Not The Best Choice

I think that industrial commodities are not the most desirable. I think the commodities complex, which is most attractive at present time, are agricultural commodity and they should move up further in due course.

The industrial commodities are basically suffering from still relatively weak global demand. If something happens because Chinese economy, not just a minor slowdown, but a more meaningful slowdown then obviously would have a big impact on the demand for industrial commodity.

Related: Powershares DB Base Metals Fund (ETF) (NYSE:DBB), PowerShares DB Agriculture Fund (NYSE:DBA)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Dollar, Euro And Gold.

The dollar is a weak currency, but so is the euro. So, I think they will go down both against price of gold let put it this way. But we had a breakout move in gold yesterday and it’s important that we continue now on the upside and not that we breakdown again because then that would be a failure and then quite a reaction could follow.

Related: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

US Stock Market Outlook

We have touched 1,010 at the low point and we trade it several times around 1,040. Though there is some support there, but I wouldn’t bet that it’s not going to be broken on the downside.

The fact is simply the economy is not doing well and it is very likely that they will have more monetary easing and further stimulus packages. I am not sure that the stock market will take that well, maybe the stock market won’t be very happy about additional stimulus, more interventions into the free market.

Though anything could happen, but let’s put it this way that I do not think that we will go and breakdown below the March 2009 level. I think that may have been a major low and that we will be in a kind of a trading range around this level we are at here.

in moneycontrol.com

Related ETFs: SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 (ETF) (SDS), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index (ETF) (IWM)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Markets May Trade Down Into October - November

I think that there are people who have extreme views either extremely bullish or extremely bearish. I think we maybe in a kind of a trading range whereby first we go down somewhat into October-November and then rally again towards the end of the year.
I think the difficulty is what to do with money when interest rates are essentially at zero on US dollar then obviously people look at their portfolios and they see stocks that have dividend yields. In Singapore, Thailand, Malaysia, you can have stocks yielding 5% on the dividend. So, the money flows essentially into these stocks.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Related ETFs: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares MSCI Thailand Index Fund (THD), iShares MSCI Singapore Index Fund (ETF) (EWS), ProShares UltraShort QQQ (ETF) (QID)

All The Monetary Policies In The US Create Mis-Allocation Of Capital And Unintended Consequences

The US Federal Reserve and central banks around the world of continue money printing and the devaluation of their currencies. It is a fallacy to believe that easy money and the purchase of treasuries will boost economic activity in the US. Money will flow into equities at least over the next couple of weeks, and into commodities.

Over the last two years we eased massively in the US and where did the growth take place? In Asia. So when we talk about job creation, do you think that Intel or a small businessman will hire more people in the US because of further monetary printing?

No! they will build factories in Asia and hire poeple in Asia and all the monetary policies in the US create mis-allocation of capital and unintended consequences.

Related: SPDR S&P 500 ETF (NYSE:SPY) , ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

Investing Has A Lot To Do With Common Sense And Personal Observations

Investing has a lot to do with common sense and personal observations. The man on the street frequently knows far more about the state of the economy than politicians, university professors and financial analysts who seldom travel, or if they do so, only from one first class hotel to another first class hotel and from one golf course to another. The pulse and vibrancy of an economy is, however, nowhere more visible than in a country's entertainment venues such as bars, restaurants, nightclubs and shopping centres.

in www.gloomboomdoom.com

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

US Treasuries And Multi Year Bear Markets

I think that there isn’t much upside potential in Treasurys unless it’s for the short term. But if I look 10 years ahead, where do I want to have my money, then certainly not in US Treasuries.

In 1999 and 2000, foreigners bought the Nasdaq and what happened afterwards was a major collapse. I would not look at foreign buying as a very intelligent leading indicator.

I'll rather buy an asset class, whatever it is, that has been in a bear market for 10 or 19 years.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.