Richard Russell On The Gold Bull Market

There’s a lot of great quotes in his recent article, including the following:

“There’s something magical, mysterious and rather beautiful about a primary bull market. The bull market in gold has been in effect for over ten years, and the mysterious part of it is the way the American people have both ignored it and damned it.”

“I’ve begged and implored my subscribers for a decade to enter the great bull market in gold. Even today, after a solid decade of higher prices, the great majority of Americans own not a single ounce of gold. And even today, after an amazing ten consecutive years of higher prices, we hear know-nothings denouncing real money, gold, as a barbaric and worthless relic of former times.”

“I’ve written before that bull markets don’t die of old age. Bull markets die of over-speculation and over-participation and thus, in the end they die of exhaustion. I’ve said all along that this is the way the bull market in gold will ultimately die.”

Read the full article here

Leave a Reply

Your email address will not be published. Required fields are marked *