Richard Russell – This Grand Experiment Will End In Disaster

Wednesday, July 29, 2015
By Paul Martin

KingWorldNews.com
July 29, 2015

On the heels of continued volatile trading in key global markets, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that this grand experiment will end in disaster. The legend also discussed his concerns about China’s stock market crash and why he believes gold is now at the end of its bear market.

Will China’s Bear Market Envelope The World?

Richard Russell: “As subscribers know, I am rooting for the US to come out of this complex situation alive and better than ever. The Greek catastrophe is giving way to the Chinese tragedy. The Chinese stock market is falling apart. The question now is whether China’s bear market will envelope the world.

As I write an hour before the close, the US market continues to hold up. The Industrials are 600 points above the critical 17,000 level and the Transports are almost 300 points above the 8,000 level. The Nasdaq is holding above 5,000. Gold is down 1.7 to 1095.2 and silver is up 2 cents to 14.63.

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