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Richard's Remarks

Is it a stumble, a correction or a primary bear market? There is absolutely no way of knowing at this point, but that shouldn’t bother me or my subscribers. We’re safely in the only two tangible currencies – silver and gold. As I write an hour before the close, the Dow is down over 300 points on increased volume. This is obviously a distribution day with institutions leaving the market. Investors' first reaction today was to move into the dollar, but on second thought, investors realized that zero is the fate of all fiat currencies. On further thought, investors decided to move into the only tangible currencies which need no nation to back them. Of course I’m talking about silver and gold. A characteristic of bear markets is that they start each day with buying and end each day with selling.


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