As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warns that the world's disastrous situation will produce the greatest bear market in history. Russell also shares his strategy for surviving the coming chaos. Richard Russell: "Today everybody watches the news with the intensity of a barn owl[...]
Tag: bear market
By Sue Chang SAN FRANCISCO (MarketWatch) — Judging by the gloomy commentary and headlines, there isn’t much cause to recommend gold as an investment option in the near term--a far cry from 2013 when some analysts had boldly predicted that gold would trade at $2,000. That exuberance hasn’t been justified, so far. Gold for June delivery GCM5, +0.64% was looking to snap a three-day losing [...]
Elliott Wave Charts Point to Shocking Countertrend for Gold – Ground Floor Opportunity for 2015 Move Up?
By Steven Hochberg It's not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this interview with The Gold Report, he reads the waves and sees indications that the stock market is headed for a[...]
As Gold Timers Throw in the Towel, It May Be Time to Buy – The last time such gloom set in, gold staged a rally
By Mark Hulbert CHAPEL HILL, N.C. (MarketWatch) — Gold is finally getting close to a bottom in prices. That is the surprising conclusion of contrarian analysis, which for months now has stubbornly refused to turn positive on gold — even as the yellow metal has suffered a death by a thousand cuts. Just this week, for example, bullion hit a fresh three-month low — among indications that[...]
By: Marc Faber In the late 1990s, just ahead of the bursting of the NASDAQ bubble, I reproduced, courtesy of the late Peter Bernstein (author of Against the Gods), a table showing how many quarters of previous capital appreciation were given back in the 12 largest US bear markets since 1929. In the meantime, we have had another three bear markets and I have updated his table to reflect the new[...]