Richard Russell – The Dollar Will Crash In A Matter Of Months

Tuesday, April 22, 2014
By Paul Martin
April 22, 2014

With continued turmoil and uncertainty in global markets, today KWN is publishing another important piece that was written by a 60-year market veteran. The Godfather of newsletter writers, Richard Russell, made this ominous prediction, “In a matter of months, I see the dollar crashing.” Russell also stated that he is buying all of the physical gold and silver he can, “while they are still available.”

Russell: “For the benefit of new subscribers, I want to state my position. I think the bear market that started in 2007 was interrupted, BUT NOT ENDED, by the Fed. Somewhere ahead, I believe this bear market will run to conclusion. I also believe that the great recession never ended, but was masked by the “manufacture” rally in the stock market. Thus the reason that the Fed cannot produce its much-wanted 2% inflation is that the deflationary pressure of the great recession is still in force. The stock market continues to struggle higher, with the needed help of the Fed’s QE and zero interest rates.

The question of the year will be how the markets react when the Fed’s QE starts to fade. Sensing the deflationary pressures, the Fed has backed off on the imminent end to its zero interest rates. The latest is that zero rates (ZIRP) will continue far into the future. My investment stance continues to be holding physical gold and silver with just enough cash to get me by on a daily basis. Incidentally, I noted that with gold down on Thursday, silver held its price, indicating that on a relative strength basis, silver may be outperforming gold.

The Rest…HERE

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