Hi, cameo-d.
The word itself, the "Watchtower", is taken from the Scriptures.
http://www.watchtower.org/e/bible/ge/chapter_031.htm#bk49
http://bible.cc/genesis/31-49.htm
Any word which Russell chose is not necessarily connected with the occult.
Although such talk may be interesting for a certain people, I think that earnest people regard it as absurd.
But I think that the topic which you offer is always interesting.
This is also an interesting talk if we do not take it into consideration seriously.