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« Gold & silver mining: To hedge or not to hedge? | Main | Canada Stocks Drop Most Since June as Silver, Oil Shares Fall »
Tuesday
Aug272013

Richard Russell - Gold Set To “Catapult” $220, But Buy Silver

On the heels of continued volatility in key global markets, the Godfather of newsletter writers, Richard Russell, warned gold bears that the price of gold is set to “catapult” $220 higher.  Russell also urged subscribers to buy silver, and he included some fantastic charts of gold, silver and the GDXJ, according to King World News.

Richard Russell: I don't have to tell you that this is a “spooky” stock market.  It's nervous and spooky because it isn't a normal supply-and-demand market, its a market that's trying to psychoanalyze Ben Bernanke and the Federal Reserve.  Will they or won't they “taper?”  (Ugh, that disgusting word).  And if they taper or not, will it be Summers or Yellen or someone else as the new head of the Federal Reserve?  In all my years dealing with the stock market, I can't remember anything this ridiculous and annoying.

 

Please click here to read this artcile in full


With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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