I expect gold will continue to rise this year, however, it will likely be a bumpy ride

Rick Rule

Sprott Global Resource Investments

I expect gold will continue to rise this year, however, it will likely be a bumpy ride. My prediction for the rest of the year is for gold to go higher, but in a choppy fashion. The last time that we talked, gold, silver, and a large number of resource equities had just experienced a quick run-up. At the time, I suggested that the market probably needed to 'back-and-fill.' Sure enough, it did. Now, the market's taken another leg up. It probably needs to 'back-and-fill' again. This pattern will likely continue in the next 12 months. We're going to see the market alternately lurch ahead, and then fall back and consolidate the gains. We're going to be in a recovery - which will look relatively flat and choppy, punctuated with 10 percent declines. That is pretty much the way these markets work. My full thoughts are here: (VIEW LINK)


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Rick Rule
Founder, Global Companies
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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