Russell also pondered, “Yes, we had the usual late-session rally
... Is the Fed buying
the Dow at the close? It wouldn't surprise me.” But
first, this is what Russell had to say about gold: “Most of my subscribers are interested in gold. All I'm going to
say about gold is wrapped up in the chart below. Here we see gold in a large
rectangle formation. The 1550 level has been tested numerous times and it has
shown to be solid support.”
Wednesday, July 11, 2012
Richard Russell - Gold, Stocks & Massive Fed Manipulation
"With
continued uncertainty in global markets, the
Godfather of newsletter writers, Richard Russell, wrote, “...we see the stock market up on Fed-created stilts ... I'm stating
that deflationary and deleveraging forces are still in command, and all the
Fed's manipulations are, and will, fail to turn the bear market into a new bull
market.”
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