By Tom Winnifrith | Saturday 26 August 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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