Richard Russell – Current Financial System To Tear Itself Apart

Tuesday, August 26, 2014
By Paul Martin

KingWorldNews.com
August 26, 2014

At 90 years old and still going strong, the Godfather of newsletter writers, Richard Russell, warned that the current financial system is going to tear itself apart. The 60-year market veteran also discussed gold and the U.S. dollar, and warned about a possible stock market crash.

Russell: “The Aden sisters (they flew up from Costa Rica to attend my 90th birthday party), have studied gold for decades — they are indeed gold experts. In their recent report, the Adens note that gold runs in cycles. Gold tends to form key bottoms every 7-8 years, and it forms key tops every 11 years. The Adens believe that gold is now in the process of forming an important bottom, prior to the beginning of a new bull market to start next year.

The chart below shows gold riding up a large channel, but in 2011 gold broke below its lower channel line and lapsed into a correction or bear market.

The Rest…HERE

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