Richard Russell - Gold Smash & Danger For A Major Market
Monday, December 2, 2013 at 11:52PM
Silver Prices

With continued chaos around the world and uncertainty in global markets, today KWN is publishing a powerful piece that was written by a 60-year market veteran.  The Godfather of newsletter writers, Richard Russell, discussed the continued smash in gold, as well as the short selling of gold by the bears.  Russell went on to mention the action stocks, the US dollar, danger for a major market, and he included 3 fantastic charts.

Richard Russell:  “The inflationists and gold-haters have been able to drive gold down to a new low.  The P&F chart of gold below looks scary, but as I see it, what we are looking at is an ever-larger and growing base for gold.  The base has been forming ever since July of last year.  It's been practically begging speculators to short gold.  The more shorts, the better.  I also think there's been a lot of tax-loss selling by fund managers in gold and particularly the gold miners.


To continue reading the Richard Russell interview please click here

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In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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