By Richard Russell
I receive or trade with dozens of advisories and I’ve never seen anything like the current situation. The Elliott Wave people are talking Dow 400, other advisories are talking hyperinflation and the Dow rising further than anyone thinks possible. The Lowry service shows buying power above selling pressure and no bear market in history has ever stared while this relationship is in its current state.
The most important lesson in investing is never to sustain a big loss. With this in mind, I have and still do advise my subscribers to be out of all common stocks except for gold shares, and to be positioned in silver and gold bullion, holding the actual metals in a safe place. I also like the Central fund of Canada, CEF, which holds actual silver and gold in what I consider a safe place -- Canada.
I have gone over the usual and even unusual methods ... Log in or subscribe to continue reading.