Russell – Buy Gold And Silver While It’s Still Available As China To Back Yuan With Gold
KingWorldNews.com
January 14, 2015
With enormous volatility in global markets and crude oil rallying almost $3, today the Godfather of newsletter writers, 90-year old Richard Russell, covers everything from China moving to back the yuan with gold to a huge surprise for global stock markets. Russell also urges readers to buy physical gold and silver while they are still available.
Richard Russell: “In almost every orthodox study, the stock market is overbought and overpriced. For instance, the market’s price-to-sales ratio is at an all-time high. The market’s capitalization to GDP ratio (this is Warren Buffet’s favorite indicator) is the second highest in history. The Shiller Cyclically Adjusted PE (CAPE) Ratio for the S&P is 27. That level has been exceeded only twice before in history – in 1929 and 2000. In other words, by almost all orthodox valuations, the current market is dangerously overvalued and way overdue for a correction or a bear market. This is the orthodox way of looking at this market.
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