Thursday, July 25, 2013

Richard Russell on Bull Markets

“The hardest thing to do in a bull market is to take a position and then to refrain from trading.  When you trade, you're most likely to trade out of the bull market just before the next advance.  Gold has one great advantage -- you never have to worry about gold going bankrupt.  Thus, you can hold actual gold with impunity.  The best way to handle actual gold in a bull market is to accumulate --never sell, but just continue to accumulate.” - Richard Russell

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