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Richard Russell – When The Truth Gets Out It Is Going To Shock The World



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Richard Russell – When The Truth Gets Out It Is Going To Shock The World

Post by Lobo on Wed 01 Jul 2015, 1:28 pm

Richard Russell – When The Truth Gets Out It Is Going To Shock The World
July 01, 2015

As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned about a move that is going to shock the world.
Richard Russell: "The world is deflating. But people don’t want to see their standard of living go down. As a result, they continue to borrow. In turn the politicians continue to spend, and the federal debt continues to rise. On top of all this, Greece is putting its exit plan to a vote. Greece is in depression and will almost surely leave the Eurozone and the euro currency. Now it turns out that Puerto Rico, a US possession, is bankrupt and will need loans.

The Smart Money Is Dumping Stocks
It’s clear that the institutions are selling into this market. The distribution count is 8 for the S&P and 6 for the Nasdaq. Thus we are seeing clear distribution pressure on the stock market. Every market must have its trigger. I think the trigger for this market is if and when the Dow breaks 17,000. 
If Transports break below 8,000, I think it will be an ominously bearish move. What are the Transports telling us? The Dow above 17,000 is saying that goods are being manufactured, but the Transports are telling us that these goods are not being sold. They’re not being rolled out of the factories into the arms of the retail public. No, the public is increasing its savings and reducing its debts. I continue to think that we should side with nature and let a bear market clear out the debts and inflation that have built up since World War II.
I have said that in future years, the standard of living of nations throughout the world will decline. But out of the ashes of a deflated world will come a better world than ever. For my subscribers, I continue to advocate holding physical silver and gold, and getting ready for difficult times.
There's been a huge move into the US dollar, in a flight to safety. As I see it, the dollar is now overbought and overloved. I trust my subscribers are out of the market and holding only physical silver and gold.

When The Truth Gets Out The Fed Is Going To Shock The World
Gold is down 8.7 and was at 1171.4. It’s suspicious that near the close each day, selling comes in to knock gold down and keep it from rising above 1200. A Russell prediction: The Fed will institute something like QE 4 and the Fed will not increase interest rates in 2015 or 2016. The US has lapsed into semi-recession and the true facts of the economy will be known before this year is out.
Free markets, like you and I, tend to inhale and exhale. We have seen the inhaling process ever since WWII. The exhaling or corrective part of the cycle will be a bear market. The bear market will clean out decades of inflation, leveraging and financial engineering. In the end we will have a better world, cleaner, more honest, and much finer.
Dow Break Below 17,000 Will Be A Major Danger Signal
We now have 8 distribution days in the S&P and 6 in the Nasdaq. This tells me that the institutions are selling into this market and it calls for caution on the part of my subscribers. It seems that few people are following stock averages anymore. I would take a Dow close below 17,000 as a danger signal.
Late Notes – While the whole investment fraternity has been searching for signs of a market top, I believe the top has appeared, like the proverbial thief in the night. The Dow has fallen below the 18,000 level, and is now negative for the year." 

    Current date/time is Wed 26 Oct 2016, 4:11 pm