Legendary mining investor, Rick Rule, pulls no punches. He critiques governments for being so corrupt, and why they prefer fiat systems. Then, he explains the difference between backing a currency, and pegging it to a commodity.
Perhaps the world’s best known resource investor Rick Rule is, of course,talking his own book but now he has retired from Sprott he claims he can speak more freely than before. The joys of being unregulated. Don’t I know it!
Recently semi-retired, Rick Rule says, “The game is to find the tiny percentage of companies that are spectacularly successful in a sector that loses four billion dollars per year.” Easy, right?
Perhaps the world’s best known mining investor, Rick Rule of Sprott, has recently announced his phased retirement. Is this a sign that the gold game is up? Au contraire.
Rick Rule of Sprott is, perhaps, the world’s best known investor in precious metals. So maybe he is talking his own book.
Rick Rule is the head honcho at Sprott, the world's best known resource investor so knows his onions. He argues that the current pattern for gold, one of climbing the wall of fear, and then slowly lurching higher and backfilling is an excellent sign for this market.
Rick Rule of Sprott Asset Management, the world's best knowm resource investors, cut his teeth in a bull market a time when anyone can look like an expert!
Rick Rule from Sprott, the world's best known resource investor, is a major bull of Yellowcake and explains why in the latest podcast from Palisade Capital. Rick feels that it’s too early to draw any conclusions from the recent market action arguing that, technically, these price fluctuations are not that aggressive. He is encouraged by golds recent performance but two weeks of data is not worth anything but amusement.
Rick Rule of the world's leading resource investor, Sprott says he has, of late, seen broadly increasing client and institutional interest which has been lead by strong private placements. This interest is being driven by 2017 commodity performance, and now the equities show good value.
Rick Rule of Sprott reminds us all how the Trump administration stated that a weaker dollar would be helpful. Younger generations will bear the decision to provide the boomer generation with 1.5 trillion dollars in tax cuts. The interim spending bill will add 300 billion dollars to this year’s budget as well as considerable commitments to funding infrastructure with no mention of where the money will originate. The US dollars weakness can be summed up in this saying, “When your outgo exceeds your income, your upkeep becomes your downfall.”
Rick Rule of Sprott is perhaps the world's best known investor in resource stocks. This video interview will be controversial covering bitcoin, uranium, gold, dollar default and much more.
Rick Rule of Sprott argues that there is capital misallocation on locating and extracting gold from the ground. Precious metals historically have been the most volatile part of the resource market. Reasons for this include the narrative around gold and silver being more interesting than say that of copper and coal. There is an allure to it. Thus there is a flaw in the way investors think. Investors that focus on precious metals likely do themselves a disservice.
Rick Rule of Sprott is perhaps the world's best known resource imvestor. He feels that recent negative sentiment in the gold market may be a good contrarian indicator. Gold has maintained its strength this summer in the face of general economic complacency. The mining industry itself has become the financier of choice to high-quality juniors. There is a quiet confidence amongst large investors that is astonishing. This sort of investor has replaced the generalist hedge fund. Capital that is patient and knowledgeable is replacing capital that is ignorant and short term oriented.
In the latest video podcast from Palisade Capital, perhaps the world's best known resource fund manager, Rick Rule of Sprott, discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher. He is not optimistic when one looks at the collective balance sheets of governments with their underfunded pension plans and is acting on the assumption that the markets will get more volatile.
Rick Rule of the world's biggest resource investors, Sprott, is bullish He sees a very interesting market, which flirted with an upside breakout, that failed. He feels the GDXJ took quite a hit, damaging momentum traders expectations, in the near term that damage will likely increase. The opportunity this summer is in capital that is increasingly supplied by the ETF’s, towards the GDXJ components. The non GDXJ components are left lagging and that could be an arbitrage opportunity. You should see mergers and acquisitions with the components acquiring the non-components.
Whitney George, portfolio manager of the Sprott Focus Trust, is a career-long value investor who has described himself at times as a "Buffett groupie" reflecting his long-standing admiration of the legendary investor. Like Buffett, George seeks to capitalize on the manic depressive behavior of the aggregate stock market, a group author Benjamin Graham memorably referred to as Mr. Market—the fictitious business partner who impulsively offers to sell his share of the business or to buy the reader's share every day.
In a recent interview with Maurice Jackson, Rick Rule orf the world's largest resource investor, Sprott, explained that out of the roughly 250,000 to 300,000 people involved in mining exploration, the majority will never be involved in the discovery of a single mine. This despite spending most of their life at it—an incredible fact.
Rick Rule, the face of the world's best known investor in precious metals, Sprott, sees weak global demand for almost everything, however there is a sentiment change for resource stocks. He thinks this change is somewhat justified- although many recent resource prices do not appear to reflect any underlying rationale. Mr. Rule is cautiously optimistic about gold stocks and the gold price. We are in one of those flight-to-safety periods where the US dollar does well, and interest rates go up.
Post Fed meeting, the freefall in gold and gold stocks continues. It’s a perverse characteristic of investing that the narrative gets better as the market gets worse. Rick Rule believes that a 35-40% decline in gold stocks makes them 35-40% more attractive. The legendary boss at Sprott explains why in a special video with Palisade Capital.
Legendary resource investor Rick Rule has recorded a podcast covering gold (cautious), potash (mega bullish) but also the looming chaos in the EU and what that means. It is thought provoking stuff from Rule.
This is a short video from Mines & Money with Rick Rule of the world's best known precious metals investor, Sprott, explaining to a dumb blonde what will be the kicker that sees gold prices head higher over the next 12 month. Rick also comments on the "disgusting sideshow" that is the US Election and what that means for the markets. And what he says about Rare Earths is damning and hilarious. Something for everyone.
We are seeing a few weeks of rest in the junior mining space, and many are predicting a massive rally this fall. Markets move up when there are more buyers than sellers, and down when the opposite occurs. Both the metals, and mining equities markets are extremely well bid. If there is a break in the market it’s likely to be on the upside, not the downside. That is the key message from Rick Rule of Sprott in this week's podcast from Palisade Capital
Rick Rule started his career in the 1970’s bull market, which had a spectacular shift towards resources after a 50 year lull. He is preparing for what he believes may be the greatest shift in natural resource markets that he will witness for the rest of his career. He says that the next 5 years will be more generous for the junior resource space than most give credit for. The junior precious metals market is already up about 100% in a short period of time
Rick Rule of Sprott is still a long term gold bull but he has warned that after a good run some of the gold equities could see some consolidation or pull back unless gold itself moves ahead again. On the upside he notes in this week's podcast with Amanda van Dyke's colleagues at Palisade Capital he discuses what happens if there is a major exploration success somewhere
Currently gold and gold equities only comprise between .25% and .33% of total US investment and savings while in the 1980’s it was 8%. A reversion to the mean should easily see that figure increase to 1.2 – 1.5%, which would represent a major inflow for the gold market. That is one of the key points made by Rick Rule of the world's largest mining fund manager Sprott in this week's podcast with my colleagues at Palisade Capital. And one reason why the gold rally has a long way to go.
Rick Rule of Sprott is perhaps the world's best known resource stock investor and thus not a man to be ignored. In this podcast with my colleagues at Palisade Capital his warning on energy stocks is clear, the opportunity - selectively - is in mining plays. I agree.
There are number of reasons why Rare Earth Minerals (REM) is a slam dunk sell. So many that it is hard to know where to begin. But we might as well start with the macro scene and a very important article that appeared on this website a few minutes ago.
This podcast with the world's best known mining stocks fund manager Rick Rule of Sprott is explosive. Naturally I agree with him on gold and precious metals being close to the bottom but it is what he tells my colleagues at Palisade Capital about lithium which is the shocker. Rick reckons that there is massive over-supply, that lithium stocks are a fad and that this bubble will burst soon...are you listening David Lenigas?
I am a gold bug so I certainly dont disagree with industry legend Rick Rule of Sprott. The depth of a bull market speaks to the size of the recovery and Rick believes that this bear market could be one for the history books. But when will the bear end?
In 2015, Gold & Gold related equities equate to just 1/3rd of 1 percent of investable assets in the United States. Contrast that against a top of 8% in 1980 and a mean of 1.5% over the last 30 years and Rick Rule can say without a doubt that gold is undervalued! As a gold bug I agree. Rick, perhaps the world's best known gold fund manager, puts the case better than I can. In this week's podcast with my colleagues at Palisade Radio Rick answer the following questions:
Towards the end of April, Sprott Asset Management LP announced plans for a $898-million hostile takeover bid for Central GoldTrust and Silver Bullion Trust. The offer would involve trading units of the target trusts for units in Sprott’s trusts, all on a one-for-one, net-asset value basis. My colleagues at Palisade Capital interviewed Rick Rule of Sprott last week asking why go on the takeover trail now when all things mining are bombed out. Also why should one get exposure to physical gold and silver rather than mining shares.
Rick Rule is the chairman of Sprott US, part of the world’s largest and best known mining investment vehicle so he knows his onions. He is also a mammoth bull of gold, silver and of mining juniors and he explains why in this podcast recorded with my colleagues at Palisade capital the other day. It is gripping and compelling listening.
Should we steer clear of the oil sector or look for ways to profit? That was the subject of a recent interview with Rick Rule, Chairman of Sprott US Holdings, the largest resource investor in North America. Rule issued a stark warning.
Have we just experienced ‘capitulation’ in gold stocks, or just a particularly nasty sell-off? That is the question asked today by Sprott Asset Management, the world’s leading investor in precious metals headed up by Rick Rule.
Sprott Asset management is the world’s leading resource investment group and its comments on what former Federal Reserve chairman Alan Greenspan said last week at a New Orleans conference on gold are worth noting. Over to Sprott:
When legendary resource investor Rick Rule of Sprott said he expected lots of companies to ‘give up’ or ‘de-list’ before this bear market was over we all took note but where are the reports of companies leaving the resource sector? In this piece, Jeff Desjardins takes a deeper dive…
It was a ascinating first day at the 2014 Casey Research Summit 'Thriving In A Crisis Economy' Conference in the US. Looking at all my notes and thinking through all the conversations I have had ten key takeaways (in no particular order) and relevant matters to think about from my perspective:
You know that I am bullish on gold. I explained why the other week HERE. But wait till you hear whet legendary investor Rick Rule – who has called mining stocks correctly – says is going to happen in the next bull market to start soon. The other day my colleagues from Palisade Capital interviewed Rick and he is not holding back.
Gold has declined slightly, from around $1,320 to $1,300, in the last few weeks. Rick Rule of the world’s leading resource investment group Sprott recently suggested that this was normal for a recovery in resource stocks. You expect gradual rises and subsequent consolidations. He has now explained the three big drivers for a recovery in the ‘junior’ resource stocks.
On July 13, gold was still around $1,340 per ounce. Since last Monday, gold has suffered a big drop, falling as low as $1,293 in a few days. Many blame the decline on hawkish comments from the Fed’s Janet Yellen, who recently suggested the Fed could raise interest rates. “Higher interest rates would encourage investors to switch to assets that, unlike gold, pay interest,” said news service Reuters. But Rick Rule, of the world’s biggest gold investor Sprott thinks it is right to be long.
Rick Rule, Chairman of Sprott US Holdings Ltd. said in early March that the market looked overheated and was due for a pullback. Gold and silver had just delivered double-digit gains in a few months. Sure enough, from mid-March until early June, the precious metals gave up much of their gains. Since early June, resource stocks have surged higher once again. So the question was: Where is gold headed for the remainder of the year? Will this rally pull back?
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