30 March, 2011

The Long Term Outlook For Gold Is Favorable But We Can Have A 10-20 Percent Correction.

We live in very volatile times...a correction could be 10 or 20 percent. I would on any weakness accumulate gold. The long-term outlook for gold is favorable. - in a Fox Business Network interview

Related: SPDR Gold Trust (ETF) (GLD), Newmont Mining (NEM), GoldCorp (GG), Barrick Gold (ABX), Novagold (NG), New Gold (NGD), Kinross Gold (KGC), Yamana Gold Inc. (USA) (NYSE:AUY)

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