"Long term Faber is still bullish on the metals, but he thinks they could fall in the short term with the general market. Gold could fall to the 1,100-1,200 USD area. For investors this should not cause any alarm because with the fiscal problems of the US and further monetization, the future for gold is still bright. Faber would use any decline to add to his positions." - in iStockAnalyst
Related: SPDR Gold Trust (ETF) (NYSE:GLD) , Newmont Mining Corporation (NYSE:NEM), Barrick Gold Corporation (USA) (NYSE:ABX), Market Vectors Gold Miners ETF (NYSE:GDX) , NovaGold Resources Inc. (USA) (AMEX:NG) , New Gold Inc. (USA) (AMEX:NGD)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
