The Wall Street Pit run a short summary of the latest Gloom, Boom and Doom Report. Here`s the short summary on the precious metals:
Gold & Silver: Marc Faber still likes gold as a long-term investment and recommends dollar cost averaging every month regardless of the price. However, when it comes to silver, Faber is more cautious, noting the recent run-up in the price. He expects a 20%+ correction in the metals complex because the inflation trade has become too crowded.
Related ETFs: IShares Silver ETF (SLV), SPDR Gold ETF (GLD), Market Vectors Etf Trust (GDX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
