Marc Faber has this to say on gold, "Gold is undergoing a short-term correction, which is natural during a bull market. The correction could take gold to as low as $1400. This would represent an excellent buying opportunity for investors." To counter the anti-gold crowd, Faber emphatically states that gold has not reached a major top and is likely to trend higher later this year.
I am not so sure anymore, although Faber has been right on gold so far. Yesterday, the news reported that gold can be bought from gold dispensing machines in the UK. The optimism is that widespread. Gold and my gold mining share, Zhaojin, continues not to act well. I have real fears now about gold and gold mining counters. I will be getting out soon. Praying for gold euphoria to return soon.
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