Marc Faber : Gold Is Oversold Near Term

Marc Faber : “most markets peaked in May 2011.” Marc Faber expects “further weakness in the second half of the year. Corporate profits will disappoint … stock markets are oversold. The U.S. government-bond market is overbought. The U.S. dollar is overbought, and gold is oversold near term.” Worse, he’s “very negative about the outlook longer term.” according to Paul B. Farrell of MarketWatch