The Phaserl


Russell’s Dow Theory Letter Notes GATA’s Work in New Orleans

by Chris Powell, GATA:

Dear Friend of GATA and Gold:

Richard Russell’s Dow Theory Letter ( sent a deputy to the New Orleans Investment Conference and today took note of your secretary/treasurer’s presentation there.

An excerpt from the report:

“I tend to agree with the negative short-term prognosis for gold. The fact that the metal hasn’t rallied amid continued QE sends a signal that something is off. Investors may be liquidating their positions in anticipation of further weakness that could accompany the reduction in bond purchases

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