16 May, 2011

Precious Metals Are Overbought And Facing Upcoming Seasonal Weakness.

"As we reported earlier (Beware the False Breakout in Stocks) Marc Faber had turned somewhat cautious regarding the precious metals as they were overbought and facing the upcoming weak seasonal pattern." - www.istockanalyst.com

Related: SPDR Gold ETF (GLD), IShares Silver ETF (SLV);

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