Richard Russell’s Friday Comment

Courtesy of Market Watch:

“Over the holiday, I’ve been reading the gold advisories that I usually follow. Almost without exception, they’ve had their subscribers trade out of gold. … I’ve said over and over ad nauseam, that you can’t out-trade a powerful bull or bear market. Bull markets like this gold bull market come along, if we’re lucky, once or twice in a lifetime. I’m talking about bull markets that can make you rich. But there’s something very different about this gold bull market. It can do two things — it can make you rich AND it may save you from a disaster in your other investments. This gold bull market is attacking the very foundation of all investments denominated in paper currencies.”