I do not always agree with 86-year old Richard Russell, author of the Dow Theory Letters, but there is no disputing that he has been on the money with his gold recommendations ever since the low of $250 ten years ago. He believes a final explosive phase the yellow metal is approaching – a viewpoint I concur with. The paragraphs below are an excerpt from a recent report.“We’re moving nearer and nearer to the edge of the hurricane. I can feel it in my bones. Every newspaper now carries an ad for gold. The ironic clincher was this ad below that I clipped from a weekly newspaper.
“Is there a gold bubble? Are you kidding me? Here’s an ad that somebody paid for suggesting that people should turn in their gold (!!) for Federal Reserve Notes. They’re not telling you to buy gold during one of the greatest bull markets in history – hardly, they’re asking you to throw parties in which the object is to get ignorant people to SELL their gold. (read more)
