23 June, 2011

Gold & Silver Will Probably Go Down In The Next 3 Months Or So, But I Would Not Short Them

“I still like gold and silver. They will go down in the next three months or so, but I wouldn’t short them. And I keep on accumulating gold. - in Bloomberg TV, from Hong Kong

Tickers: SPDR Gold ETF (GLD), IShares Silver ETF (SLV), Hecla Mining (HL), Goldcorp (GG), Newmont Mining (NEM), Kinross Gold (KGC), Silver Wheaton (SLW), Barrick Gold (ABX), Novagold (NG)

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