Marc Faber update

Marc Faber insights on Bloomberg TV:

- The S&P may decline to about 750 and probably rebound after July.

- Global stock markets are unlikely to fall below their October and November lows.

- Commodity stocks have risen too sharply and are no longer attractive buys.

- Asian stocks are a much better value than US stocks.

- The US dollar may weaken, so investors should buy the currencies of Canada, Australia and Singapore.

- Bonds are entering a long bear market and should be avoided.

- Gold will be “dead money” for the next three to six months, but he plans to buy more gold if prices drop to between $750 and $800 an ounce."