As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, announced that the “bear market in gold is over!” Russell also covered everything from a desperate Fed ushering in QE4, to global hyperinflation, the California drought and coming Great Depression-style work programs.
Richard Russell: “The latest data suggests that the US economy is much weaker than thought. The weakness suggests that it could be quite awhile before the Fed raises rates. With short rates staying at zero as far as the eye can see, the situation is now bullish for gold.
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