Dr. Doom Marc Faber: “Global Liquidity Will Move Into Precious Metals In The Next 3 – 6 Months”

Sunday, January 22, 2017
By Paul Martin

Mac Slavo
January 22nd, 2017
SHTFplan.com

Economist Marc Faber, who is known in many circles as Doctor Doom for his oft gloomy forecasts, says that stock markets are overvalued, but stops short of saying that a crash is imminent. Though valuations are high and sentiment is dangerously optimistic, Faber argues in a recent interview with Fox Business that there are huge money flows still making their way into U.S. equities.

And over the next three to six months Faber says much of that liquidity from foreign and domestic investors may start moving into precious metals and precious metals stocks:

[There won’t be a sell off] in the near future… but if you look at the valuation of stock they’re high. If you look at the valuation of the US dollar it is high… If you look at the money flows in the last few weeks a lot of money has flown into US equities, both from domestic investors and international investors… as a contrarian this is not a particular good sign.

However, there is a lot of liquidity in the world… the liquidity will move into precious metals and precious metals stocks… so I would be long gold shares, silver shares, platinum and the underlying physical…

I also think that sentiment is much too optimistic about stocks and far too pessimistic about bonds…

The Rest…HERE

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