Marc Faber, Global Recession 2013 a Sure Thing
Marc Faber doesnt make 100% calls very often, sure he makes a lot of calls, but when he make a call that he says is 100% chance of occurance its worth making a note of. When you here a fundamental call always pull out the cycles to look for correlation check.
Extract ..."Cramer-stand-in "You're not looking for a recession in the US are you?" Faber, in his calm, thoughtful way responds, "I think we will have a global recession late this year, early next year", to which a stunned Wapner asks for odds (surely 30%, 50%?) of this recession - "100% certainty" comes the reply to leave Wapner throwing in the towel on any positive spin as Faber suggests the only 'investment' in this case is 'Cash USD' and investors must own some gold"...
Would you bet against this USD Cycle..??
COMMENTS: First this is 2013 play, plenty of time for a Obama rally to previous highs for all risk on assets. If the USD head up, gold will sink but not that far, so owning gold in AUD, EUR, CAD, NZD, (non US) will do just fine. Recession come in many forms, so how to play it will be wait and see.
The best trade over the next 18 months: Sell rallies in AUDUSD, buy dips in USD.