12 May, 2011

The Inflation Trade On Pause

“I’m deferring any new purchases of the beneficiaries of the inflation trade, except for gold.” - at the New York Hard Assets Investment Conference

Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), United States Oil Fund (USO), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), Hecla Mining (HL), ProShares UltraShort S&P500 (ETF) (NYSE:SDS) , SPDR S&P 500 ETF (NYSE:SPY), iShares Russell 2000 Index (ETF) (NYSE:IWM), ProShares UltraShort QQQ (ETF) (NYSE:QID), SPDR Dow Jones Industrial Average ETF (NYSE:DIA)

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