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Gold: The Anti-Dollar

By Richard Russell

 

I strongly suspect that John Williams is right, that the US, despite all the frantic government and Fed propaganda, has slid back into recession. This is something I am not happy about since I feel the future of the human race depends very much on the brilliance and the democratic desires of the United States. Studying the market figures, I can’t say that the market is going my way.

 

An hour before the close, the Dow is still under 18,000 and down 126. The Transports are down 168 and hovering just above the critical 8,000 level. The Nasdaq is down 25 and holding just above the big number resistance of 5,000. Gold is down 4.8 to 1086.7 and silver is down 0.18 to 14.55.

 

Somebody (probably the Fed) does not want to see gold close higher. Any time gold is higher near the close, somebody comes forth and battles gold lower.

 

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