Richard Russell of Dow Theory Letters fame repeats what I have been saying about the Euro, U.S. dollar and gold of late. I see the Euro fall and Dollar rise as a short term event that can put pressure on gold and silver prices moving forward. I still see $1,800 and $35 as a resistance point for gold and silver. Russell has been writing Dow Theory Letters for over 40 years and is well respected in the industry. He is the reason I started selling gold and silver to begin with in helping people understand what’s really going on in the economy. I participated in his forum years ago (he subsequently closed it) and met some of the smartest traders around, many of whom I still converse with today about the markets.

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