Precious Metals or Mining Stocks?
Late summer saw, to the relief of some investors, some price improvements in precious metals and precious metals stocks. We asked Sprott USA Holdings Chairman Rick Rule if he thought this might indicate that we’ve seen the bottom in this sector.
“There’s a key element still missing from the picture,” Rick stated in a recent update to investors. “In past bear markets in natural resources, we witnessed a wave of capitulation selling that marked the end of the bear market. That capitulation allowed the next bull market phase to begin. And we haven’t seen that kind of capitulation occur in this market.”
Rick added that previous corrections lasted three to four years. Since the current bear market started in 2011, he believes it could be another one or two years before things turn around:
“The excesses of the bull market from 2003 to 2010 are nowhere near done being wrung out of the system.”
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Posted by ciblek