Richard Russell – Get Ready For Massive QE3 & Epic Inflation
August 15, 2012
Today the Godfather of newsletter writers, Richard Russell, wrote a special report stating that a massive QE3 is now headed our way, along with epic inflation. He also covered gold. Here is what Russell had to say: “There’s nowhere to hide. Governments will opt for their favorite remedy — inflation. Inflate away the debt. Problem — a little QE3 won’t help, if the Fed really wants to jazz up the economy, it will have to be a massive QE3.”
Richard Russell continues:
“The only investment secret is what comes next?
Next — it’s gold’s turn to move to the forefront. If gold starts to move, and it is moving a bit, then the beaten down gold mining stocks should start heading North. The two ETFs that I like are shown below.
Below, we see three years of GDX, the ETF for the senior gold mining shares. The three year chart shows GDX’s very extended recent correction.