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."
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."
Today at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Today at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Today at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Today at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Today at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Today at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Today at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Today at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Today at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Today at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Today at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Today at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Today at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Today at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Today at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Today at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Today at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Today at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Today at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Today at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Today at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Today at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Today at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Today at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Today at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Today at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Today at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Today at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Today at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Today at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Today at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Today at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Today at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Today at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Today at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Today at 6:56 am by Rocky
» Electronic payment is sustainable growth
Today at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Today at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Today at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Today at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Today at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Today at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Today at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Today at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Today at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Today at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Today at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Today at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Today at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Today at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Today at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Today at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Today at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Today at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Today at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Today at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Today at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Today at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Today at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Today at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Today at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Today at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Today at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Today at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Today at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Today at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Today at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Today at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Today at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Today at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Today at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Today at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Today at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Today at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Today at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Today at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Today at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Yesterday at 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Yesterday at 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Yesterday at 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Yesterday at 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Yesterday at 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Yesterday at 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Yesterday at 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Yesterday at 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Yesterday at 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Yesterday at 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Yesterday at 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Yesterday at 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Yesterday at 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Yesterday at 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Yesterday at 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Yesterday at 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Yesterday at 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Yesterday at 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Yesterday at 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Yesterday at 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Yesterday at 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Yesterday at 7:12 am by Rocky