Dollar Collapse To Trigger Massive Bull Market In Gold & Silver
October 7, 2013
Today the Godfather of newsletter writers, Richard Russell, warned that the “US dollar is poised right on the edge of a cliff.” He also issued this ominous warning, “if we get a sell signal on the dollar it will have international implications.” This is an incredibly powerful piece with a legend who has been writing about the markets for 60 years, and he concludes by discussing what is going to trigger a massive bull market in gold and silver.
Richard Russell: “The chart below shows the S&P Composite, and the red line is the VIX or volatility index. As you can see, the VIX has risen to its highest level since July. Thus, the VIX is sensing some volatility to come over the next few months. As a rule, I usually ready myself for some market volatility when the VIX climbs from a dull period to over 20. We’re not quite there yet.