“I am for the first time in a long time heavier weighed in Europe rather than U.S.,” author and investor Marc Faber, publisher of the Gloom, Boom and Doom Report, says in a Bloomberg telephone interview.
“I find at the present time that there are good opportunities in European stocks" and euro will continue to strengthen against the dollar, Faber says
“In general I’m dismayed by the central banks monetary policies in the US, in Europe, in Japan, in Finland... The money printing exercise has been a failure in terms of lifting sustainable economic growth"
“In my opinion in the U.S. they will launch QE4 at the end of the year. The economy in the U.S. is weakening”
“If I look at the fundamentals of the European, American and Japanese countries, in my view there is no other option for central banks but to continue printing money”; pension funds in those countries are grossly underfunded and “they will need some kind of a bailout”
The political situation in Western democracies is “a disaster"
“I would argue that gold mining shares are inexpensive and Amazon is expensive”
“Money printing” by central banks “so far has gone mainly into Apple, Amazon, Google, Tesla and these kinds of stocks and it has gone into crypto currencies like Bitcoin. But not so much into precious metals”
“Once these precious metals move they can move very sharply and far higher. When the high priced American shares like Apple, Amazon, Tesla and crypo currencies break down then gold and other precious metals will shine”
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.