Panic                                                     The Dow Jones Industrial Average

“As of (wednesday), the Dow has been up 12 out of 14 sessions. The market is either close to exhaustion or the short sellers are near panic.  The shorts must be thinking at this point that this market is never going to go down. With that brand of thinking, the shorts must be near panic.” 

The 89 year old Russell also observed:  “You know, America is different from most Asian nations in that America has little use for older people.  For instance, in China, older people are revered.  Though older people may lack “hipness” and technical knowledge, they make up for their ignorance with wisdom.

I look back and I have seen and talked to Billie Holiday, Marlon Brando, Marilyn Monroe, and Janis Joplin.  I have seen, combined, what few other living people have seen.  I’ve seen the rotting fruit in California during the Great Depression, I’ve seen the planes dropping bombs over Europe, I saw the parade through New York when people opened their windows and shouted “Hooray for Happy Hoover.”  I’ve seen and gone through a lot, and as a result I believe I do have a small portion of wisdom and a good memory.” – Richard Russell Dow Theory Letters (Russell was a Bombardier in WW11 -Ed)

Key Charts, Propaganda, Gold, Silver & The Ongoing Collapse

by Egon von Greyerz,  founder of Matterhorn Asset Management

This Swiss master sent King World News “two tremendous charts and gave one of his most powerful interviews ever”.

 …..read the article & view those charts HERE