Friday, March 16, 2018

Rick Rule Breaks Down What He Believes to be the Next Big Thing

Rick Rule, CEO of Sprott U.S. Holdings, and Amir Adnani, CEO of Uranium Energy Corp., discuss the role base metals play in the future of energy. 

Rule said that while cobalt is attracting media attention for its use in the “electrification of things,” investors need to be cautious of companies that are not legitimately mining cobalt. “You have to be in Congo, or you have to be in Russia,” Rule told Kitco News on the sidelines of the PDAC 2018. “Everybody wants to be in politically secure, politically correct cobalt. It’s as if they wanted a cobalt discovery in Kansas. 

But there isn’t any.” Adnani noted that while cobalt may play an important role in the battery theme, the often ignored phase of recharging those batteries is equally important, and this is where uranium comes into play.

“If everyone wants to drive an electric vehicle, and everyone needs to recharge these batteries around the clock at different points in time, the need for de-carbonizing the economy at the same time as making sure electricity is available around the clock can only be made available through nuclear power,” Adnani said.

- Source, Kitco News

Thursday, March 8, 2018

When Stocks Go You Will Have Only One Bull Market Left And That Will Be In Gold & Silver

“Man, it smells like a bull market here. There are lots of reasons you could imagine people would want to come into this market, and we’ve talked about it before. It’s what I call the bear market in cryptocurrencies, the bear market in bonds, which is becoming exceedingly obvious. 

And, of course, the little correction in stocks, which is not in a bear market yet, but my God, if it turns into a bear market you only have one bull market! And of course, we’re seeing it not just in gold and silver, we’re seeing it even in the base metals and other physical products. So the market seems to be coming around to, ‘You know, I want to get my hands on something real, here.’ So it portends great things for gold and silver.”

- Source, Sprott Money

Sunday, March 4, 2018

If The Fed Steps In To Save The Markets Then Gold & Silver Will Go Crazy To The Upside

It’s been a wild week in the markets, and Eric steps in to break it all down for us. In this wrap-up, you’ll learn what’s causing the volatility, why you should be watching the bond market, and what role the Fed could play in the coming year.

And, as always, he’ll let you know how precious metals are faring in all this.

“I could sit here as a guy with a big portfolio and say, ‘Well, thank God my gold is only down 2%, and my silver is only down 2%.’ Everything I own could be down eight. Or ten. So, I’m not hurting here… I think relatively, these things have done exactly what we would expect. They’ve probably been suppressed… The natural instinct should be to buy gold in this kind of environment. We’ll see what happens today. Lots of people in the world are going to be trying to find things to invest in that can hold their own, and I think we’re already seeing that gold and silver look like they’re filling that role.’”

- Source, Sprott Money

Monday, February 26, 2018

Sprott Money News Ask The Expert - February 2018 Rick Rule

Rick Rule, the president and CEO of Sprott US Holdings, joins us this month to answer questions from Sprott Money customers regarding gold, silver and the mining shares.

- Source, Sprott Money

Wednesday, February 14, 2018

Only the Blind Can't See the Manipulation Going on in Precious Metals

The US jobs report is out, and the markets are already reacting. But Eric says all is not as it seems.

“A lot of people try to make very quick decisions on this without all the information. And all the information is: it was not a bullish jobs report.”

Join Eric for a deep dive into the numbers and learn what they mean for the average worker. Plus: at the five minute mark, Eric talks about why he thinks crypto is “kind of over,” and what the future holds for blockchain.

“I think all these things are very strong—they’re powerful changes in markets which could create a much, much bigger interest in not only precious metals, but other hard assets as well.”

Plus: Why Eric finally feels vindicated by the CFTC fining and charging major banks for manipulation of precious metals.

- Source, Sprott Money

Friday, February 9, 2018

The Day That The Commercials Fall Flat On Their Face Could Soon

The year is off to a hot start with the dollar sinking and the price of crude oil going up. This week, Eric talks more about the “shockingly weak dollar,” the economic weakness in the U.S., and the continuing fraud of the COMEX.

But this week, he zeroes in on perhaps the strongest argument for precious metals: vulnerability.

“We have to talk about these Intel chips that were flawed, OK? Because if you’re a wealthy person, and a smart person, do you know that your bank account can be hacked? Do you know that the bank where you have your money can be hacked? 

Do you know that everything can be hacked? Where do you want to have your money? 

Do you want to put some in gold, so that at least it can’t be hacked, ‘cause it’s physical—you’ve got it in your own possession? So, I think that’s going to be very, very important to both gold and silver here, that everything is so vulnerable. Of course, nobody talks about it anymore. 

The market goes to a new high, it doesn’t matter that all our computers are hackable, because someone else is controlling the market. But as smart guys thinking about this sort of stuff, do I really want to keep my wealth in something digital where I have no control over it?”

- Source, Sprott Money

Monday, February 5, 2018

The Dollar Could Plunge From Here And That Could Boost Gold By $150

It’s an exciting time to be in precious metals. The US dollar is plunging to its lowest level in four years, Bitcoin is faltering, and with all the political uncertainty in the world, people want security.

The fact that investors are turning to gold and silver comes as no surprise to Eric.

“All these unregulated currency exchanges are open to massive manipulation. We see manipulation inregulated markets. Can you imagine what happens in an unregulated market, where you can do whatever you want to do?”

“If you’re going to exit the game—the Bitcoin, the cryptocurrency game—what do you do with your money? You hate banks, you hate fiat currencies. There’s pretty well only one option—that is to go into gold. And so that is happening as we speak.”

Even as Bitcoin’s stumble causes a surge of interest in precious metals, the main story in the news today is the looming government shutdown in the United States. What does this mean for the future of the US dollar, and how could it add to what Eric calls “a huge tailwind for gold”?

- Source, Sprott Money

Tuesday, January 30, 2018

Rick Rule: Why Precious Metal Demand Could Easily Quadruple

Sprott's Rick Rule tells Silver Doctors if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple. 

Almost every asset class has been rising. Over the last month, gold and silver have been playing "catchup," Rule says. The size of the precious metal market is tiny right now in comparison to other asset classes. 

Rule reveals that if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple. U.S. Treasury Bonds are seen as one of the safest place to put money. However, Rule says inflation makes U.S. Treasuries depreciating assets.

- Source, Rick Rule via SD Bullion

Friday, January 26, 2018

Rick Rule: Gold is Not on a Verge of Breakout This Year, But the Miners Are

Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings. 

“Confidence in too many things is too high,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “gold does well when people are afraid of other stuff.” 

Rule is more upbeat on gold miners, despite miners having lagged physical gold last year. “Gold miners are going to surprise, particularly because of low expectations,” Rule said.

- Source, Kitco News

Tuesday, January 23, 2018

Precious Metals Are Up, Cryptocurrencies Are Down

After an interesting week with lots of major changes going on, Eric Sprott feels optimistic. "Last week's report was stunningly positive for the future of silver and gold," he says, making it easy to imagine "a period time when the prices keep rising."

At the same time, Bitcoin suffered a dramatic loss following CME's launch of Bitcoin Futures Trading - a reversal of fortune that doesn't surprise Eric in the least.

"All of these things are just in huge declines today…I've never really been a believer in Bitcoin, that it stood for anything other than: I can understand people not wanting fiat currencies. I can understand people not wanting to deal with banks. I can understand people trying to hide things from the government. But look at the appreciation that happened. And you gotta wonder, it's a 'greater fool' thing, right? 

Somebody has to buy this thing from you. And if that other person stops buying it, it's over. There's a lot of people suggesting this could go down to a very, very, very low level, and bringing it back, one of the things that will happen, people will realize that gold and silver are real things - when you buy them, you have a coin. You have something tangible that's not about to disappear. So I think that could be the real benefit from the demise of cryptocurrencies, if you will. I'm not wishing their demise, but I'm not a participant in the cryptocurrencies."

It's a serious correction that looks like a bear market to Eric, and he hopes someone who wants to avoid fiat currencies and government interference looks at markets closer to his, hear. "If any of this money could come into the silver market - wow! Could it ever be dramatic."

- Source, Seeking Alpha

Friday, January 19, 2018

We Are Going to See a Huge Return to Precious Metals in 2018

In the final weekly wrap-up for 2017, Eric Sprott talks the top stories of the year and makes his predictions for the New Year ahead.

The good news? Gold is up almost 13% - the best since 2010. "It's been a pretty steady, consistent kind of rise here, it's like something has changed in the market," Eric says.

Comparatively, "you saw what happened with cryptocurrencies - the degree to which they've exploded. We've seen nothing in gold and silver… There's lot of reasons to think more and more people are going to come into this market." Eric adds, "these are usable items that will always have value."

Get Eric's full thoughts on:

• How the new U.S. Tax Bill will affect the dollar and bond markets

• Political uncertainty and how it will affect the precious metals markets

• The big stories of 2018

- Source, Seeking Alpha