by The Gold Report Staff
The Gold Report
After several years of low gold prices, 2016 has brought a rebound, with the metal rising almost 20% since the first of the year, although recent price corrections have slowed gold’s advance. After the Brussels terrorist attacks last Tuesday, gold rose briefly, but then was undercut by a strong U.S. dollar rally. Investors are wondering whether gold is in a temporary correction mode or if the three-month bull has run its course.
Marc Faber, the editor and publisher of the Gloom, Boom & Doom Report, is optimistic about the mining sector, saying in an interview on CNBC last Tuesday, “I still think the mining sector has embarked on a new bull market.” He said the Belgium terrorist attacks haven’t changed his view of the global markets. “Around the world we see a slowdown in economic activity,” he says, and is cautious about investments in equities, but bullish on mining.