QUOTES OF THE WEEK, compliments of Swiss American Trading
they are a Phoenix-based gold & silver collector coin firm
800-BUY-COIN
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"The acceleration has not yet begun ...indications
are suggestive of a fairly marked turnaround. We are
stabilizing and there is some indication of return,
but it's not at this stage by any means clear."
-ALAN GREENSPAN, FED Chairman (see below)
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"Figuring out what Alan Greenspan is saying, steering a
course between his "indeeds" and "to be sures" is such a
mind-numbing task that there is something of a cottage
industry on Wall Street devoted to interpreting Fed-speak.
But the Fed Chairman's chatter is crystal clear compared
with the Bush administration's mixed messages on the dollar."
-JUSTIIN LAHART, CNNFN, (see below)
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"Right now, though, Wall Street stock promoters and their
followers have the upper hand. The more they see news about
debts or deflation, the more they try to persuade you that
the Federal Reserve will come to the rescue. And the more
they see news of an uptick in the economy following the
Iraq war, the more they talk about "a real recovery under
way. Watch out! It's just another great trap!"
-MARTIN WEISS, PhD, SafeMoneyReport.com (see below)
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"How can anyone even consider buying overvalued stocks for
long-term investing purposes? Yet, ever since 2000,
Wall Street has been utterly ignoring the Long Valuation
Waves and nefariously seducing investors into buying
overvalued stocks, and they have already lost trillions
by following this horribly flawed and negligent advice."
-ADAM HAMILTON, "Valuation Wave Reversion 2"
lemetropolecafe (free trial membership)
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"Europe is on the brink of economic failure. Policy makers
need to go into a state of “high alert.” Unfortunately, the
EMU-driven mindset shows no such concern. That must change,
as the gorilla in the region moves inexorably closer to its
own deflationary abyss. The recent appreciation of the euro
— and the likelihood of more to come — adds a special urgency
to a shift in the policy mindset."
-STEPHEN ROACH, Morgan Stanley, Lessons of Japan
morganstanley.com
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"Money is the builder or destroyer of society. An honest
money system brings prosperity to all citizens - willing to
work. A dishonest one enriches a few at the expense of
everyone else - regardless of how hard they work."
-CRAIG R. SMITH, History of Your Money (see below)
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"Gold's bull market is alive and well. More important, gold
formed a major bottom in February, 2001. And despite its ups
and downs, the major trend has been up for more than two years
now. As long as this continues, and we believe it will, then
gold is headed higher."
-MARY ANNE & PAM ADEN, Aden Forecast (see below)
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"The question -- should I mess around with this bear market
in stocks -- or should I take a large position in gold and
gold shares and bank on the bull market in gold being the
right way to go? I decided that the potential big money was
with the gold bull market rather than trying to "beat the
bear. And that's where I am now."
-RICHARD RUSSELL, dowtheoryletters.com, 5/21/03
Read 74 more quotes by Richard Russell at swissamerica.com
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