 Patience
and er -- faith
Richard Russell
snippet
Dow Theory Letters
April 21, 2005
Extracted
from the April 20, 2005 edition of Richard's Remarks
Gold -- It's not generally
known or appreciated, but the 200-day moving average of gold
turned up in December 2001 at a price of 304 -- and it has been
climbing ever since. As of today the 200-day MA for (June) gold
stands at a new post-2001 high of 427.
Conclusion -- the bull trend of gold is very clearly still
intact.
Prediction -- The gold bull market will end up as ALL
bull markets do -- in an upside explosion that you won't believe!
One more
tidbit
-- How much does the public love gold? Central Gold Trust of
Canada is now selling at a 4.5% DISCOUNT from its actual gold
holdings. That will change, count on it. But right now for those
of us who are still buying gold (me), it's good!
Gold looking good, but gold shares still being dragged down by
a rotten stock market. That will change, and in due time the
gold shares will go with gold.
The current action makes the gold shares look like bargains.
But I personally continue to buy the metal.
But I still hold a load of the gold shares.
Patience and er -- faith.
more follows for subscribers...
Richard Russell
website: Dow
Theory Letters
email: Dow Theory Letters
Russell Archives
© Copyright 1958-2014 Dow Theory Letters, Inc.
Richard Russell
began publishing Dow Theory Letters in 1958, and he has
been writing the Letters ever since (never once having skipped
a Letter). Dow Theory Letters is the oldest service continuously
written by one person in the business.
He
offers a TRIAL (two consecutive up-to-date issues) for $1.00 (same price that was
originally charged in 1958). Trials, please one time only. Mail
your $1.00 check to: Dow Theory Letters, PO Box 1759, La Jolla,
CA 92038 (annual cost of a subscription is $300, tax deductible
if ordered through your business).
321gold Inc
|
