We overshot on the upside when we went over 1,900 dollars/ ounce. We're now close to bottoming at $1,500, and if that doesn't hold it could bottom to between $1,100-$1,200. - in CNBC
Related: SPDR GOld Trust ETF (GLd), Newmont Mining (NEM), Barrick Gold (ABX)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
