RICHARD RUSSELL: Gold Has Begun Its Ascent Up The 'Stairway Of Hatred'

Richard Russell, the long-time chartist behind the Dow Theory Letters, has been a gold bull for as long as we can remember.

In his latest commentary, he notes that coverage of gold's recent decline has been much more robust than any coverage of its ascent.

Indeed, in recent days gold has seen a decent bounce, even as the media coverage continues to be overwhelmingly bearish.

Here's Russell via King World News:

I thought it significant that when gold was declining, there was no end of publicity about the “dreadful action” of gold.  But when the gold miners surged on Friday -- not a word appeared about the bullish action of gold and the gold miners, NOT a word!

If true, that gold has seen its lows, then adventurous subscribers might buy some out-of-the money gold calls.  If gold and silver head higher, you'll make money with the calls, and all you can lose is the original price of the calls you buy.  Check with your broker.
...
Gold was up 32.00 to 1255.70 (on Monday) and the whole gold universe closed higher.  Gold is so hated that it could rally over $1500, and nobody would notice it.  Sentiment against gold is so bearish that I thought gold could have struck a capitulation low last week.  Another bearish piece in today's issue of USA Today.  Talk about rising on a stairway of hatred, you're seeing it now in gold!”

Read more at KingWorldNews.com

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Russell Wilson Before he was a Seattle Seahawk

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Russell Wilson wasn’t just an NFL quarterback for the Seattle Seahawks, he also once played baseball professionally for the Tri-City Dust Devils.

You might of already heard that Russell Wilson use to play baseball and once played for the Tri-City Dust Devils. Well I found a copy of his Topps playing card from his 2010 season. Wilson batted .230 with 2HR while playing with the Dust Devils.

Today he threw for 187 yards and one touchdown to lead the Seahawks over the Washington Redskins in a 24-17 win. The Seahawks will head to Atlanta next Sunday to take on the Falcons, game time will be at 9am.

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