Eternal Commodity Bulls Have ‘Thrown in Towel’: Marc Faber

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Published: Thursday, 21 Jun 2012 | 11:21 PM ET

Commodities bulls may have finally “thrown in the towel,” Marc Faber, the editor and publisher of the 'Gloom, Boom and Doom' report told CNBC, after commodities suffered their biggest one-day fall this year on Thursday.

“This weakness is a clear indication of a global economic contraction…fundamentals have been deteriorating for some time but now the eternal bulls have thrown in the towel,” Faber said on Friday. “In other words, the perception has changed.”

Faber expects more weakness in industrial commodities, though he said agricultural commodities "look better".

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Commodities climb into bull market...

Asian stocks rise as commodities climb into bull market
Tue, 07 Jun 2016 - Asian stocks are rising after commodity prices jumped by more than 20% from their January lows to climb into a bull market.

Asian stocks have risen after commodity prices rose by more than 20% from their January lows to climb into a so-called bull market. The price of raw materials ranging from soybeans to copper all rose overnight.

A boy stands next to a bull statue​

Sentiment was also boosted after US Federal Reserve chair Janet Yellen allayed fears of an interest rate rise this month. Wellington's NZX 50 and Sydney's ASX 200 both rose in early trading, led by mining shares.

Japan's Nikkei 225 was up 0.3%, while South Korea's Kospi index gained 0.7%. Investors will also be watching for interest rate decisions from central banks in Australia and India on Tuesday.

Asian stocks rise as commodities climb into bull market - BBC News