Richard Russell – The War In Gold & A Danger Sign For Stocks
July 25, 2013
On the heels of continued volatility in key global markets, the Godfather of newsletter writers, Richard Russell, discussed the war in the gold market and a danger sign for stocks. This is a fantastic piece where Russell included several charts and some outstanding commentary. King World News even included an incredibly important note for gold the bulls from Russell’s November 7th, 2012 comments.
Richard Russell: “The trend continues bullish. This is confirmed by the DIAs (chart below) breaking out to the upside. Remember, use a price of 154 as your safety level. If the DIAs drop blow 154, sell them and take a small profit. Note that the RSI is almost overbought, and the histograms are trending lower.