Saturday, June 21, 2014

I'm Betting the Price of Commodities is Going Higher

It's counterintuitive to buy an industry that's in liquidation, but unless the price of the commodity increases, the commodity becomes unavailable. Can you imagine a world without coal or uranium? That's a world without power. Even in the People's Republic of California, even though the people of the state hate coal and uranium, those energy sources are still a substantial contributor to the power grid.

So either the price of these two commodities goes up or the lights go off. Those are the two choices, and I'm betting that the price is going to go higher.

- Rick Rule of Sprott Asset Management, via King World News

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