“The good news that trumps everything else is that I believe the BIG PICTURE is that the stock market, long term, is bullish, and that the stock market will be heading higher in the years ahead. Also, I expect some surprisingly bullish news to surface in the period ahead.” – Richard Russell, June 6, 2013

Ed Note: Legend 89 Year Old Richard Russell has been studying markets daily since he survived his job as a B-25 bombardier in WW11. One of the original newsletter writers, he now even at his age writes a comment on markets daily on top of publishing the newsletter he has written for more than half a century.

Russell was the first to recommend gold stocks (in 1960) and made sure his readers were not only in the major bull market that peaked at $800 in 1982, but made sure they got out before the collapse. His track record (in all markets not just Precious Metals)  is what makes him famous, so it makes sense to pay attention to what he says when he recently answered recently made the following comment when asked the question “Is Gold Undervalued”:

“gold is a great way to retain one’s purchasing power in the long-run, but to reiterate: it is only a goodinvestment when it is undervalued and about to move higher. This, of course, leads us to the big question: Is gold a good investment at this point? The answer is not clear, but is probably “no.”

When someone with the experience and track record that Richard Russell has, its well worth reading and viewing all he has created. Its a few days old, July 2nd, but all of the comments and charts came directly from all his writings (that people pay for) and are still very well worth reading.

…..read all HERE