By Richard Russell
This bear market (and I'm calling it one) has developed a case of internal erosion. Stocks are falling apart one by one as the big averages mask the damage. Bear markets are sneaky beasts and they like to do their damage as secretly and as unobtrusively as possible. I hate to say it, but somewhere ahead the bears are going to get together and the innocent little stream is going to turn into a waterfall.
What can you do about it? Stay out of the market. Protect yourself by remaining in pure wealth, gold. For thousands of years, silver and gold have been treated as pure wealth.
I think the calm and easy part of this bear market has drawn to a close. We are moving into the high drama portion of this bear market.
Gold is up $20 today and I think it will soon rally above the big resistance of ... Log in or subscribe to continue reading.