Below is an extremely important note about Friday’s trading in the gold market from legendary Richard Russell.

Russell’s quick note on gold:  “In recent months, gold has sold off on Fridays. But I thought the counter-activity today was important; gold was up sharply. I check 14 gold items each day and I note that all gold items were higher. I think big money sees QE4 ahead and is protecting itself.”  King World News note:  On Thursday the number of silver bulls plunged to an all-time low, an astonishing 26 percent below what was seen at the bottom of the 2008 collapse, and 8 percent below the previous record low set at the end of 2013.  This is an incredibly important contrarian indicator and extremely bullish for the price of silver going forward.

To subscribe to legendary Richard Russell’s Dow Theory Letters CLICK HERE.  

© 2014 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged. 

IMPORTANT – KWN has many more interviews being released today.

The audio interviews with William Kaye, Dr. Paul Craig Roberts, Andrew Maguire, Eric Sprott, Bill Fleckenstein, Rick Santelli, Rick Rule, Andrew Huszar, John Mauldin, Egon von Greyerz, Michael Belkin, and Marc Faber are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf — to listen CLICK HERE.

Eric King
To return to BLOG click here.