marc faber this morning with some caution. marc gets a lot of criticism for a lot of gloom out there. i would suggest that the resiliency has been remarkable. if there's some element of truth to what mark copper's -- marc faber's messages? >> i'm surprised you didn't comment on china this morning. china has been an interesting story. everything today is focused on greece and quantitative easing and switzerland. what is most important when you look at the world and where it is going is what is going to happen in -- >> is it going to be resilient or have the gloom of marc faber? >> the new normal needs to be tested out. china is going to have a difficult time reaching what they say will be next year's goal of about 7%. most of it think it will be the 6% range. given that it is the greatest user of commodities, i think this has real impact on the developing world. we need to continue to pay attention to china. >> the story coming out of davos this year is economies towering forward. how far away for me -- how far away are we from

. >> for more on gold and the trade and also on the s&p 500, we're going to be talking to marc faber,ate bear, going to tell us what he thinks about the market for the rest of the year. don't want to miss it. 1:00 p.m., futures n now .cnbc.com. >> thank you. what do you think faber thinks about the market? >> can i guess? >> you're up. >> i'm going to -- >> how about gold? do you think the euro is going to go lower? the thesis one of our guys on futures now was making, going to push gold higher? >> i think the better shot for gold to have a great year this year, up 8% year to date is more concern or actuality of this kind of idea of systemic risk, re-entering the room. you get more evenses of like what we're seeing in yemen, took over the presidential palace, russian stuff, all good for gold because psychologically people haven't forgotten how well that treated them in years lik like '07, '08 when it looked like the train was coming off the rails. >> if you plot the chart of gold with european bank cds, haven't done this as josh noted in three years it's going to be close. >> it's not