Showing posts with label trading. Show all posts
Showing posts with label trading. Show all posts

Friday, October 11, 2013

Moscow Exchange Plans Gold to Silver Trading to Broaden Appeal

Russia is following in the steps of China in setting up exchanges for delivery of physical precious metals.  This is one more arrow in the USDollar as the global reserve currency, as Russia and China aim to back their respective currencies with gold.

Those who fail to anticipate this eventuality will experience cataclysmic losses.

http://www.bloomberg.com/news/2013-10-10/moscow-exchange-plans-gold-to-silver-trading-to-broaden-appeal.html

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