I believe we are at a bear-market bottom in precious metals and natural resources

Rick Rule

Sprott Global Resource Investments

I believe we are at a bear-market bottom in precious metals and natural resources. We'll see a rising market with higher highs and higher lows. As we've discussed before, bear markets lead to bull markets; and this bear market will end at some point. The safest commodities to buy are those that are selling below what it costs to produce them. In these cases, the commodity price must go up or the industry that produces them will go out of business. With commodities like platinum, palladium, and uranium, if the prices do not go up, we will stop enjoying the benefits they produce. Fifteen years ago, I made a similar call on copper. I also believe the decline in the gold price from $1,900 to $1,200, was not the end of a secular bull market. I think it was a cyclical decline within a secular bull market. In full: (VIEW LINK)


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Sprott Global Resource Investments

Sprott Global Resource Investments Ltd. is a wholly-owned subsidiary of Sprott Inc., a public natural resources investment management firm listed on the Toronto Stock Exchange (Symbol SII). We offer investments for all individuals who are...

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