With
key global markets at or near breakout levels, and gold turning higher
in after-hours trading, the Godfather of newsletter writers, Richard
Russell, released 3 key charts covering everything from stocks, to
commodities and gold. KWN even included a bonus chart of hedge fund
activity in gold. Here is what Russell had to say in a note to
subscribers: “From its recent high, the Dow (intraday yesterday) was
down almost 200 points. Normally, this would be considered an overdue
minor “back-off” from an overbought situation … When one Average
advances to a new high, and that new high is unconfirmed by the other
Average, trouble may be waiting.”Richard Russell continues:
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