Richard Russell – Buy Physical Silver Ahead Of The Coming Chaos…”The Fed Has Guaranteed That Chaos Will Unfold”
KingWorldNews.com
August 06, 2015
On the heels of continued volatile trading in key global markets, the Godfather of newsletter writers, 90-year-old Richard Russell, urged subscribers to buy physical silver ahead of the coming chaos. The legend also discussed what will signal that a full-fledged bear market is underway.
Richard Russell: “There are two items that bother me: One, the S&P has had 7 distribution days recently, and two, Apple stock is in full correction mode, down 14% from its recent high, and now below its 200-day moving average. Apple stock is widely held by mutual funds and hedge funds, and its capitalization is so huge that the stock can move markets.
Time For A Full-Fledged Bear Market?
I’m afraid that if the Dow breaks under 17,000 and Transports below 8,000, we will be in a full-fledged bear market. The Nasdaq has become a key leading indicator. If the Nasdaq breaks below 5,000 this will be a very bearish indication.
Economist John Williams continues to insist that the US economy is sinking into recession. The Fed must secretly agree with him, since they have still refused to raise short rates. If the Fed’s refusal continues, the stock market will suspect that perhaps John Williams is correct in that the US economy is a lot weaker than advertised.
The Fed Has Guaranteed That Chaos Will Unfold
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