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Tags: Trump Administration | marc faber | stocks | dollar | gold | silver

Marc Faber: Stocks, Dollar Too High, Buy Gold, Silver, Bonds

By    |   Tuesday, 17 January 2017 03:53 PM

Marc Faber, the editor and publisher of “The Gloom, Boom & Doom Report,” is uncharacteristically optimistic about precious metals while fearing that both U.S. stocks and the dollar are "too high."

“If you look at the valuation of stocks, they're high. If you look at the valuation of the U.S. dollar, it is high,” he told Fox Business Network's Stuart Varney.

However, Faber (also known as "Dr. Doom" for his often apocalyptical outlooks) doesn't see a looming market crash.

“If you look at the money flows in the last few weeks, a lot of money has flown into U.S. equities, flows from the Mexican investors and international investors. As a contrarian, this is not a particularly good sign," he explained.

“However, there is a lot of liquidity in the world and I believe that whatever you think, the liquidity will move into precious metals in the next three to six months," he predicted.

But Faber had a much more bullish prediction for precious metals.

Faber recommends investors look to add precious metals to their portfolios. “I would be long gold shares, silver shares, platinum.”

He also sees Treasury bonds as a buy for investors, FBN.com reported. “The sentiment is much too optimistic about stocks, but far too pessimistic about bonds. And I would probably as a trade buy some Treasury bonds in the U.S.”

Other respected economic voices are more certain that Trump will truly indeed "Make America Great Again."

Veteran financial guru Larry Kudlow, who served as the Trump campaign's senior economic adviser, predicts to Newsmax TV that the record-setting stock rally “may go on for years” because the market “likes what it sees” before the president-elect has even officially taken office.

Stocks could drop in a natural turn of events, but for the most part, get ready for more record-high stock-market finishes, he recently told Steve Malzberg on “America Talks Live.”

“The Trump rally may go on for years,” said Kudlow, a Newsmax Finance Insider, radio talk-show host and CNBC senior contributor.

“It's not going to go on uninterrupted, but the market is telling you it likes what it sees regarding new economic policies to help business and to help growth and help jobs,” said Kudlow — host of "The Larry Kudlow Show" and author of  "JFK and the Reagan Revolution: A Secret History of American Prosperity," written with Brian Domitrovic and published by Portfolio.

(Newsmax wire services contributed to this report).

© 2021 Newsmax Finance. All rights reserved.


InvestingAnalysis
Marc Faber, the editor and publisher of “The Gloom, Boom & Doom Report,” is uncharacteristically optimistic about precious metals while fearing that both U.S. stocks and the dollar are "too high."
marc faber, stocks, dollar, gold, silver
403
2017-53-17
Tuesday, 17 January 2017 03:53 PM
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