Richard Russell - Gold Set To “Catapult” $220, But Buy Silver
Tuesday, August 27, 2013 at 05:29PM
Silver Prices

On the heels of continued volatility in key global markets, the Godfather of newsletter writers, Richard Russell, warned gold bears that the price of gold is set to “catapult” $220 higher.  Russell also urged subscribers to buy silver, and he included some fantastic charts of gold, silver and the GDXJ, according to King World News.

Richard Russell: I don't have to tell you that this is a “spooky” stock market.  It's nervous and spooky because it isn't a normal supply-and-demand market, its a market that's trying to psychoanalyze Ben Bernanke and the Federal Reserve.  Will they or won't they “taper?”  (Ugh, that disgusting word).  And if they taper or not, will it be Summers or Yellen or someone else as the new head of the Federal Reserve?  In all my years dealing with the stock market, I can't remember anything this ridiculous and annoying.

 

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