Faber thinks the Federal Reserve is far from finished with its quantitative easing program. He thinks the Fed would actually like to see the stock market drop so that they can justify further easy money policy.
In a continuing easy money policy environment Faber continues to buy gold and wouldn't dream of selling the gold that he owns.
He thinks that financial assets are going to come under a lot of pressure at some point and he has no interest in holding cash. The timing of that is impossible to know.