Agoracom Blog

Video – Marc Faber Sees Market Correction In 2010, With Mining and Agriculture Outperforming

Posted by AGORACOM at 3:13 PM on Friday, February 26th, 2010

Marc Faber, managing director of Marc Faber Ltd and Barron’s Roundtable member, anticipates meaningful market correction in 2010. Mining and agriculture will be top performers within commodity sector.


2 Responses to “Video – Marc Faber Sees Market Correction In 2010, With Mining and Agriculture Outperforming”

  1. AGORACOM says:

    Paul, thanks for not just chiming in but for providing great analysis that also puts investors onto 2 potential investments: Northern Dynasty(NAK) and Liberty Star (LBSR). Most know about the former but I take it few know about the latter, it’s cheap price and that it adjoins NAK.

    That alone doesn’t make it worthy of a buy – but very worthy of a closer look. Thanks and keep it coming.


  2. Paul Watrous says:

    It may be a no-brainer that inflation will rise by next year. We know for a fact that if this is the future scenario, a run on gold will be the result. Too, as nations around the world continue to shore up massive debt with fresh, printed money, it may be that metals will look even more attractive in the near term. Because it takes years to get mining permits, though, I feel that present mining companies in the pre-permitting stage are very good investments for a buy-and-hold position. For instance, as Northern Dynasty(NAK) moves forward with permitting it’s Pebble Project in 2011, other mining companies own even more of that same caldera. Look at Liberty Star(LBSR),for instance. This stock is @ .0018 and deseves more respect. LBSR abutts Pebble on the north side and has the same structure, kind and amount of minerals. They are waiting on Northern Dynasty’s permits next year. Most of their pre-permitting work has been done as they wait for Northern Dynasty to break the ice. Other mining companies in the area include Furio and Full Metal Minerals, Inc. While Northern Dynasty stock is up @ $10 a share, the other mining companies remain very affordable. In summary, I highly agree with Marc Faber. I believe next year is going be a boon for gold, copper and uranium and that investors should position themselves very early in the game. Paul Watrous