Los Angeles Business Journal

'Dr. Doom' Sees Possible 10 Percent Gold Correction

Tuesday, January 8, 2013

"Dr. Doom" Marc Faber tells CNBC that he owns gold even though the precious metal may be heading south. Faber also predicted a rather gloomy 2013 for stocks around the globe, pointing out what he sees as a "deterioration in the technicals of the market" and last year's huge increases from multi-year lows.