Richard Russell: Silver Now Outpacing Gold & FedRes Frightened !
- The bullion banksters can only play their game for so long. Many countries are abandoning the USD for international trade settlement. It is a question of when the USD collapses! Got physical gold/silver yet?
Richard Russell – Silver Now Outpacing Gold & Fed Frightened !
With gold holding near the $1,650 level, today the Godfather of newsletter writers, Richard Russell, had this to say about what is happening in the gold, silver and stock markets: “The greatest credit bubble in history has burst. The world markets are now under long-term pressure from deleveraging and contraction, all as a result of the correction of the boom (bubble) since World War II.”
Silver is now outpacing gold on a relative strength basis. … Reacting to the current forces of contraction and deflation, gold turns temporarily soft, as it awaits the next actions of the central banks, all of which are starting to pump and create more fiat money.”
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