Late last year, Richard Russell gave us the key to the bull market in gold and the bear market in global stock markets. This is the second in a series of releases KWN will be publishing on the wisdom passed down from the Godfather of newsletter writers.
“I want to start this site off with a bow to Fred Hickey, who puts out The High Tech Strategist. Hickey is a prodigious worker and reads everything. Fred is a true believer in gold and I read his work carefully.
…Americans are scared to death and befuddled by the news of the day. They are well aware that their own lives and jobs have little to do with the nonsense that the Fed and the government is shoveling out to them.
Bulls And Bears Battling In Key Global Markets
Early Stages Of A Historic, Primary Bear Market
I’m afraid that we’re in the early stages of a primary bear market. Each bear market has its method of attack…Bear markets are sneaky beasts and they like to do their damage as secretly and as unobtrusively as possible. I hate to say it but somewhere ahead, the bears going to get it all together and the innocent little stream is going to turn into a waterfall.
What can you do about it? Stay out of the market? Protect yourself by remaining in pure wealth, gold. For thousands of years, silver and gold have been treated as pure wealth. As the standard measures of wealth (stocks and bonds) have deteriorated, veteran investors have forgone profits and moved their assets into pure wealth.
I think the calm and easy part of this bear market has drawn to a close. We are moving into the high drama portion. Politically, I noticed a cartoon that tells a story. A hugely muscled and bare chested Putin is on the beach. Obama is sitting in the sand while Putin is kicking sand in Obama’s face. The question — how much sand will Obama eat?
Chinese And Indians Buying Gold In Huge Quantities
In the meantime, the story is that worried Chinese investors are dumping their stocks and buying gold in huge quantities. They are emulating the Indians, who are buying gold in huge quantities.
The year ahead is guaranteed to provide surprises and I sincerely hope that one of them will not be WWIII. I think Putin will push Obama as far as he can go, short of war. But mistakes happen, which is one reason why gold is creeping higher.
Richard Russell Says Americans Are Scared To Death As He Declares What Will Confirm New Bull Market In Gold.
(King World News) – From legendary Richard Russell
March 16, 2016