On the heels of continued U.S. propaganda, today King World News is publishing comments from a 60-year market veteran. At nearly 90 years old, the Godfather of newsletter writers, Richard Russell, notes that while the mainstream media propaganda continues, the public is literally going broke because of soaring inflation.
Russell: “Well, it should be clear sailing ahead for the markets. How do I know? Easy, I read it in the newspapers. Today’s WSJ headline in big black letters, “Clear Skies for US Shares.”
And today’s USA Today (page b-1) gives “Five Reasons Why The Stock Market Is Growing Again”:
- The momentum stock sell-off didn’t spread to the blue chips.
- The frozen economy did thaw out, as hoped.
- The world’s bankers did their part.
- The Ukraine crisis didn’t spiral out of control.
- The bearish warnings didn’t come to fruition.
Russell asks: But wait, what about the collapsing real estate in China? And what about Fed tapering that’s supposed to end in October?
I can’t wait to look at silver and gold. The long descending trendline on silver below will be breached if silver climbs to 19.25.
….read more HERE
