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MTECHTIPS;-Gold may correct 10%: Marc Faber

Marc Faber, the legendary investor and the author of Gloom Boom & Doom Report thinks that gold may undergo a 10% correction."I don't think [gold] will go up right away, and we maybe have a correction of 10 percent or so on the downside," he said in a"But I see that governments will print money … so I want to have gold as an insurance policy." he added.Meanwhile, in his January Market Commentary, Faber has a price range for gold: he believes gold may trade between $1550 and $1600.He said he would increase his “gold position on any further weakness although I am concerned that US dollar strength could be a headwind for a strong gold rally."The debt-ceiling debate raging in US and the European uncertainty may lend some volatility to gold markets in the coming days, analysts believe.There are also analyst explanations that the worst is over as far as markets are concerned.

WWW.MTECHTIPS.COM
07489294118/119
MTECHTIPS;-Gold may correct 10%: Marc Faber

Marc Faber, the legendary investor and the author of Gloom Boom & Doom Report thinks that gold may undergo a 10% correction."I don't think [gold] will go up right away, and we maybe have a correction of 10 percent or so on the downside," he said in a"But I see that governments will print money … so I want to have gold as an insurance policy." he added.Meanwhile, in his January Market Commentary, Faber has a price range for gold: he believes gold may trade between $1550 and $1600.He said he would increase his “gold position on any further weakness although I am concerned that US dollar strength could be a headwind for a strong gold rally."The debt-ceiling debate raging in US and the European uncertainty may lend some volatility to gold markets in the coming days, analysts believe.There are also analyst explanations that the worst is over as far as markets are concerned.

WWW.MTECHTIPS.COM
07489294118/119

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Published by: MtechTips on Jan 08, 2013
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MTECHTIPS;-Gold may correct 10%: Marc Faber

Marc Faber, the legendary investor and the author of Gloom Boom & Doom Report thinks that gold may undergo a 10% correction."I don't think [gold] will go up right away, and we maybe have a correction of 10 percent or so on the downside," he said in a"But I see that governments will print money … so I want to have gold as an insurance policy." he added.Meanwhile, in his January Market Commentary, Faber has a price range for gold: he believes gold may trade between $1550 and $1600.He said he would increase his “gold position on any further weakness although I am concerned that US dollar strength could be a headwind for a strong gold rally."The debt-ceiling debate raging in US and the European uncertainty may lend some volatility to gold markets in the coming days, analysts believe.There are also analyst explanations that the worst is over as far as markets are concerned.

WWW.MTECHTIPS.COM 07489294118/119

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