The Federal Reserve is switching gears and halting interest-rate hikes for the near future, amid fears of another global crisis.
The United States is entering a recession and there will be quantitative easing again, predicts Ronald Stöferle. He argues that the worst is over for mining stocks and the gold price, as they stand to gain enormously from sliding faith in fiat currencies.
With gold now trading at a 10-month high, IGTV’s Victoria Scholar spoke with Ronald-Peter Stoferle from Incrementum who said the precious metal could jump to $1,500 by year-end once we go past resistance at $1,360 and $1,380. Stoferle argues for a US recession as soon as 2019 with further quantitative easing (QE) from the central bank on its way ‘no question’. Meanwhile he says ‘silver should outperform gold’.