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« Why ECB QE Is Bearish For Gold Prices | Main | Saudi Arabia Fast-Tracks Nuclear Power »
Wednesday
Sep102014

Rick Rule - Takedowns In Gold, Silver & Oil To End Badly For Bears

Despite the title of this post Uranium does get a mention:

Today one of the wealthiest people in the financial world told King World News that the take downs in the gold, silver, oil, and uranium markets will end badly for the bears.  Rick Rule, who is business partners with Eric Sprott, also discussed why he is so incredibly bullish on the metals and energy.

Rule:  In the near-term gold and silver have been moving down.  There is strength in the U.S. dollar. (Laughter).  Strength that, frankly, perplexes me.  There would seem to be a global belief that what you do in times of crisis is buy U.S. Treasury securities, and there is certainly a lot of crisis in the world....

 

To continue reading the Rick Rule interview below click here...

 

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?

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