Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Why ECB QE Will Drive European Stocks To New Highs | Main | MASSIVE INDIAN SILVER IMPORTS: Setting Up For Another Big Record Year »
Thursday
Dec042014

Rick Rule: Speculative Profits Are Made On The Delta Between Stupidity & Fact

During a time in which downward volatility of the junior resource sector has resumed in force, Rick Rule, Chairman ofSprott U.S. Holdings was kind enough to share a few comments.

When asked if we’ve seen the ultimate capitulation in junior resource markets yet, Rick noted that, “We haven’t had a capitulation yet… we’re beginning to see the types of market volatility, rabid moves up and down on no volume, that are normally the “rattle” of the rattlesnake of capitulation. But the market hasn’t followed through yet, and I think that’s a consequence of the recent strength in the gold price.”

With regard to the recent political and social turbulence associated with West Africa, Rick commented that, “With regards to what happened in Burkina Faso, the probability of that set of events being unpleasant for mining is very small, and so it’s pretty obvious to me that the sell-off engendered an opportunity.”

Rick further added that when investing in politically turbulent markets, “Having the cash and the courage to make a binary bet in an extraordinarily bad situation where the risk to reward is $.20 cents on the downside and $10.00 on the upside, is a set of circumstances that everybody should be lucky enough to have once or twice in their career.”

Please click here to listen to this interview

Here are his full interview comments with Sprott Global Resource Investment’s Tekoa Da Silva

 

Is the bottom really in? Could there be a final capitulation just ahead of us? 

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>