Marc Faber, Global Recession 2013 a Sure Thing

By: readtheticker | Fri, May 25, 2012
Print Email

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.

Source: Marc Faber Sees 100% Probability Of Global Recession In 2013

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..??

UUP Chart
Larger Image

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.

 


Comments can be posted Here

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/