Palisade – Sprott Monthly Market Update with Rick Rule: Rick’s Three Key Ingredients for a 100-Bagger In This Bull Market
No market goes to the moon directly, and Rick is of the opinion that a natural price consolidation is likely but current market events are meaningless compared to what we will see in the coming 3 to 5 years.
The current market situation reflects a war between gold and the US 10 year treasury. The US 10 year treasury bond yield has fallen from 15% to 1.6 – 1.7% and gold is in a sense contra-treasury. It is incontrovertible that gold is at the start of a bull run!
Silver and especially silver equities are extraordinarily volatile and have not yet moved though looking for multi baggers exposes you to huge financial risk and you should be prepared to lose half of your investment.
Rick provides detailed information on how to achieve spectacular multi bagger gains using optionality plays, private placements and stock warrants.
Rick has seen other bull markets and has experienced being right before. He is now very patient and is prepared to wait 5-6 years while this market plays out and take his time to find the right asset management to replicate the successes of the past.
Talking points from today’s interview:
• Is the bull market real?
• Silver has not yet moved
• Many private placements are scams
• Will there be a bull market in rare earths?
• Calling the top remains tricky
Rick Rule began his career in the securities business in 1974.. He is a leading investor specializing in mining, energy, water, forest products and agriculture. Rick founded California-based Global Resource Investments, Ltd., which grew into a much larger organization with significant affiliated companies. As Director, President, and Chief Executive Officer of Sprott US Holdings, Inc., Mr. Rule leads a highly skilled team of earth science and finance professionals who enjoy a worldwide reputation for resource investment management.