Richard Russell – Outrageous Lies Being Told To Americans
April 25, 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, once again spoke out about the outrageous lies being told to the American public. Russell also ends the piece with an ominous warning about what the future holds.
Russell: “The action of the gold universe last Tuesday, I thought, was really informative. The price of gold metal was down by .74, but all the gold mining stocks (and silver) closed higher. I took this as an example of where the Fed or the gold-haters manipulated the price of gold bullion lower.
They can manipulate the price of gold, but can’t control the price of all the gold miners. Interestingly, with the price of gold bullion lower, GDX was up .28 on the day and GDXJ closed up .96. This “strange” action led me to believe that something in gold or the dollar is going on.
I just read economist John William’s latest comments (Shadow Statistics). John is certain that we face a hyperinflationary depression.