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Marc Faber: Gold and silver could be crushed this summer
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Wednesday, June 29, 2011
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From Bearish News:

In the clip below, Mr. Faber says gold and silver may fall over the next three months, as the end of QE2 slows the flood of Fed liquidity. He "wouldn't short" the metals and is "accumulating gold."

Faber offers fascinating perspective on Chinese reverse-merger stocks and how the situation is similar to early industrial America where "the foreigners got fleeced, constantly."

He reiterates that QE3 will come, but not as early as some would like. The Fed needs markets to fall a bit first...

Read full article (with video)...

More from Marc Faber:

Marc Faber: The U.S. dollar is headed to "zero"

Marc Faber: Sharp correction coming this month

"Dr. Doom" Marc Faber shocks CNBC anchor with rant on poor people

Topics: Gold | Silver | Commodities
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