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Richard Russell - 3 Key Charts & Some Things To Think About

With key global markets at or near breakout levels, and gold turning higher in after-hours trading, the

 Godfather of newsletter writers, Richard Russell, released 3 key charts covering everything from stocks, to commodities and gold.  KWN even included a bonus chart of hedge fund activity in gold.  Here is what Russell had to say in a note to subscribers: “From its recent high, the Dow (intraday yesterday) was down almost 200 points.  Normally, this would be considered an overdue minor “back-off” from an overbought situation ... When one Average advances to a new high, and that new high is unconfirmed by the other Average, trouble may be waiting.”

Richard Russell continues:  

“In this kind of situation, the investor who is out of the market has an advantage.  He does not care how far the market may drop, because he has no commitment.  In the current situation, I am on the sidelines.  But what of the investor who is holding a full line of stocks?  

His best bet would be to pick a downside percentage, beyond which he will not hold his stocks.  The usual procedure is to decide, “I'll sell any of my stocks that decline 8% or more from their peak price.”  In other words, the careful investor always has an exit strategy in mind.  The unforgivable mistake occurs when an investor rides his stocks down during a vicious correction or a bear market -- all this because the stubborn investor has no pre-planned exit strategy.

To read these articles in full please click here.


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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Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

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