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Richard Russell – Gold, Silver, Stocks & Collapsing Incomes

With key global markets at or near breakout levels, and continued, enormous volatility in the gold market, today the Godfather of newsletter writers, Richard Russell, covers collapsing incomes, gold, silver, stocks, the Fed and more. Here is what Russell had to say in a note to subscribers: “From an investment standpoint, there’s one major problem with this stock market. What’s the problem? The problem is simply that it’s not a good value. Great investment markets are characterized by being great values. The criterion of value is the return on the investment (the single exception to this rule is gold).”

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