Source: Ron Struthers for Streetwise Reports 03/12/2020
Ron Struthers of Struthers’ Resource Stock Report discusses the current market meltdown and the longer-term outlook for the markets and gold.
Although I know of some great companies and stocks out there, it is best just to wait. Markets are going a lot lower and investors in the main indexes and techs won’t have a recovery in their portfolios for many, many years. Gold is being sold down too at times but the uptrend is still in place. We can expect a recovery in gold, gold stocks and junior miners this year and then off to new highs in a raging bull market. We will soon have zero interest rates and massive QE. The Fed announced they are pumping up to $175 billion per day in the repo market up from $150 billion. The Fed balance sheet is heading up again and will go at a faster pace now. The red arrow is where it’s headed, off the chart.