SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Precious and Base Metal Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (18845)8/31/2003 11:49:21 AM
From: austrieconomist  Read Replies (1) of 39344
 
Incorrect observation on Russell.

<I have no quarrel with Richard Russell's work either. I do however, find his calling a market that has advanced 500% in less than three years, a "new", or "the beginning of" a bull market, sort of fuzzy thinking.>

Russ, I guess you are not a Russell subscriber. He is analyzing the gold price, not PM stocks. And gold has advanced less than 50% from its $251 low. Compare this gain to the 1971-1974 gain in the gold price of 500%, or the 1976-1980 gain of 700% and there is nothing "fuzzy" about a label of the new bull market in gold being in its first phase, although with comments on being made on CNBC and other prime outlets no longer being in derision, and with ETFs in the process of being opened in markets all over the world, it is probably just entering the "second phase". He regards the PM stocks as purely derivative to the price of gold in the long term trend. I would be the last to defend Russell with regard to precision on every observation -- using weekly totals of M3 totals as evidence of Fed "turning on the spigot" is among his worst, IMHO, weekly figures are just noise and M# is the money statistic furthest away from direct Fed action-- it is the totality of his observations in identifying major trends and concepts that resonates with most of his subscribers.
Opinions differ and yours are among the most valuable -- I just wanted to offer this as a clarification.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News