The recent gold price rally may have gone “too far, too fast,” said Rick Rule, president of Sprott U.S.
“I think [gold] might be, in the near-term, overpriced. The truth is that gold bull markets, historically, have been extraordinarily volatile. It wouldn’t surprise me to see gold go to $1,900, it wouldn’t surprise me to see it go to $1,650,” Rule told Kitco News.
In the intermediate term, Rule maintains a bullish stance.
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28 Comments
What i like about Rick is that he is not a extremist. Can`t stand these "experts" that are to extreme on one side. He points out there is value in dollars, stocks( certain companies) and metals. Which is the most realistic thing.
overprice with wich money, Fed keep printed us dollar.)))GOLD is the only safe haven.real GOLD price 2600 US dollars right now.
Gold is still under priced. Buy physical gold if you can find it.
What he's saying is have a "little" cash to buy gold and silver on any short term price drops. Simple
Do you have any idea that most of analyst/ so called expert still are not rich?
I really like this guy.
The US government has allowed 200 to 1 gold certificates to be
falsely issued. Why? It creates gold from thin air. Fort Knox is empty.
Knock off at least 30% to 50% of total estimates of gold in US.
It's another Ponzi scheme where the government profits indirectly.
This was the guy who in a debate with Peter Schiff said that he would start recommending his clients buy gold when it went above $1500…well he didn't keep his word.
Buy the dip!! Of PMs!!!
As a trade sure but nobody knows or cares about PM’s. Even their rise hasnt been crazy and has taken many years. In 2010 there were gold shops everywhere and “gold” parties trading in jewerly.
Can listen to Rick break it down time and time again …. How good would it be to have a mentor like Rick and some funds to invest?!
Excellent interview. I found this interview to be simple enough for me to understand and follow along and Ricks answers confirmed a trend I have been discovering in other investment news media. The trends are disturbing to say the least but now I feel as though I have been forewarned about what the future holds. My thanks to both David Lin and Rick Rule.
Sincerely,
Peter
oops thats usa
This guy is a wealth of knowledge
Rule is full of malarky. Considering the wild expansion of the money supply by FED printing in this virus fiasco, gold is going to hold its own as people who understand that the world economic system has one foot in the grave and another on a banana peel buy up physical to protect their wealth in the coming disaster. This is already putting pressure on the paper market. When the system finally collapses, the price will go through the roof as the physical supply becomes unobtanium, as people will not be willing to part with it until they see how much it will rise, and how the whole crisis will settle out. The only people selling will be those who absolutely have to in order to stay solvent.
Great report from Rick Rule. Thank you Kitco News
This man is wise!
Buffett famously says, "In the near, markets are voting machines. They measure psychology. In the long term, markets are weighing machines. They measure value."
Not a fan. He exudes arrogance and rambles.
"Cash to me is a safe haven asset, although over time you are guaranteed to lose your purchasing power." That and the creepy artwork.
Between people trying to cover short positions and those trying to get lower entry points, I guess people would state that in the near term gold is overvalued. In actuality, gold is way undervalued with the level of money printing going on. There wasn't this level of global debt and money printing when gold hit $1900 a few years ago. I wouldn't expect much of a dip in gold or the miners. The reasons are because of a false manipulated down turn, volume of money printing, people waiting to buy the dip, new volume of people waiting to buy the dip in the miners, vast amount of money from funds and wealthy people ready to buy the dip. Hold onto your shares and don't let anyone con you into selling. Stay out of margin and don't set the stops on high quality gold stocks.
Great interview David!
Rick sound very confident .
Last interview both of them were saying buy gold . Now usd is safe heaven . Now which is true later on they will say see I told you guys and play one of the video which is correct .
Gold is overpriced in light of massive government debts and currency printing ?? Ya right !
A gold miner is a liar standing in front of a hole in the ground.
I’m glad David got this interview. Solid
Very Intelligent investor