If you look at the environment we are in, there are a lot of similarities with 2008 where basically the financing for the exploration companies dried up, the global liquidity shrank, asset prices collapsed but the US dollar and US government bonds were strong. And we have a repeat here of that situation and my sense is that industrial commodities are vulnerable and still remain vulnerable. - in CNBC
Tickers: Materials SPDR ETF (XLB), iShares Lehman 7-10 Year Treasury Bonds ETF (IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
