{INTERVIEW} Rick Rule On Speculating Before A Narrative Becomes Popular

Dear subscribers here is a great interview by Tekoa Da Silva with legendary Rick Rule.

Have your Natural Resource Portfolio Graded by SPROTT GLOBAL FOR FREE! ! !

If you are seeking to have your Natural Resource Portfolio ranked from 1-10, for no cost or obligation with the understanding this is not investment advice but a ranking of your Natural Resource Positions.  we have an exciting offer for our subscribers with the preeminent name in the Natural Resource Space Sprott Global Resource Investments Email: Mr. Rick Rule – rrule@sprottglobal.com and or tdasilva@sprottglobal.com – Tekoa Da Silva Subject Line: Proven & Probable

By Tekoa Da Silva

fig1.JPGclick to watch

I had the chance to sit down a few weeks ago with Rick Rule, CEO of Sprott U.S. Holdings. It was an interesting discussion as usual, and an item that stood out in particular was Rule’s viewpoint on “if” and “when” questions, and speculating in markets before they become popular.  

“Most speculators, if they have a flaw (and most of them do),” Rule noted, “look to their upside before they look to their downside. Certainly most speculators speculate in what’s popular – you’ll notice Bitcoin, as an example, had moved from $400 to $2,000 before anybody cared, and then it gained tremendous [popular] attention, which is normal.” 

“In the early part of the last decade, when the gold price moved up from $260 to $1,900 an oz.,” Rule explained, “gold didn’t come to popular attention until it had moved past $1,000 an oz. In other words, it moved from $260 to $1000 before people allowed the fact that the price had gone up to substantiate the narrative.”

“When gold moved from $1,000 to $1,900, people [then] started asking “if” questions. ‘If’ we began to have sovereign defaults, ‘if’ there was a trade war between to U.S. and China. All those ‘ifs’ were there when gold was at $260 – it’s just that the recent experience … has the people ask[ing] the ‘if’ question, [and] takes away at least half the value, of the ‘if’ answer.” 

“If is what captures imagination,” Rule added. “If is what, if it comes true, generates 20-to-1 returns. “If” only becomes interesting to people though, when the narrative has begun to play out in the market …” 

To watch to Rick Rule’s full interview commentary, click here

If you have any questions or comments regarding this article, please reply to this email or contact your Sprott representative at 800-477-7853.

 

 300x250-JFWE18.gifRick Rule e.jpg

I’d like to invite you for a unique and rare opportunity to join me and a renowned roster of financial experts on The Money, Metals, and Mining Cruise sailing May 28 – June 7, 2018. Together, we’ll sail for 10 incredible days through the Mediterranean from Marseille to London. While at sea, I’ll share what lies ahead in the markets and what opportunities are available to build a more profitable portfolio. I’ll be on hand to give you answers and share a few tips to give you a fresh financial perspective.

So please join me for a very special gathering.

— Rick Rule

tekoa10_for_web.jpg

Tekoa Da Silva joined Sprott Global Resource Investments Ltd. in February 2014. He currently serves Sprott Global and Sprott Asset Management USA as an Investment Executive.

Sprott U.S. Media, Inc. is a wholly owned subsidiary of Sprott Inc., which is a public company listed on the Toronto Stock Exchange and operates through its wholly-owned direct and indirect subsidiaries: Sprott Asset Management LP, an adviser registered with the Ontario Securities Commission; Sprott Private Wealth LP, an investment dealer and member of the Investment Industry Regulatory Organization of Canada; Sprott Global Resource Investments Ltd., a US full service broker-dealer and member FINRA/SIPC; Sprott Asset Management USA Inc., an SEC Registered Investment Advisor; and Resource Capital Investment Corp., also an SEC Registered Investment Advisor. We refer to the above entities collectively as “Sprott”.

The information contained herein does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.

Forward-Looking Statement

This report contains forward-looking statements which reflect the current expectations of management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this document. These factors should be considered carefully and undue reliance should not be placed on these forward-looking statements. Although the forward-looking statements contained in this document are based upon what management currently believes to be reasonable assumptions, there is no assurance that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this presentation and Sprott does not assume any obligation to update or revise.

Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any fund or account managed by Sprott. Any reference to a particular company is for illustrative purposes only and should not to be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any fund or account managed by Sprott will be invested.

Sprott US Media
1910 Palomar Point Way, Suite 200
Carlsbad, CA 92008 USA

Be the first to comment on "{INTERVIEW} Rick Rule On Speculating Before A Narrative Becomes Popular"

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.