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Thursday Conversation - Rick Rule

62

As the bull market for precious metals continues, many are frustrated by the underperformance of the mining sector thus far in 2020. To that end, here's legendary resource investor Rick Rule to help shed some light on this topic.

Many of you are familiar with Rick and his team at Sprott Asset Management. If you are looking for guidance and assistance in your resource investing, they are certainly top-shelf. So it was great fun to get caught up with Rick and ask him to address these three, primary points:

  • Where are we in this renewed bull market for precious metal?
  • Which size/type of mining company is currently in favor?
  • What will it take to draw institutional money to the sector?

Additionally, at the end of the podcast, Rick offers an email address where any listener can send him a list of resource stocks and he will reply with his current thoughts on each. He'll also send you two important charts so, if you're interested, be sure to contact him at rankings at sprottglobal dot com.

Thanks again to Rick for so generously sharing his time and expertise in this podcast. I'm confident that you will benefit greatly by listening.

TF

  62 Comments

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boomer sooner
Feb 20, 2020 - 7:45pm

Rhodium $12,400

This metal is unbelievable. Not 6 months ago it was $8500.

Comparing gold vs silver since the low

AU 1050-1600 50% gain

AG 13.50-18.00 35% gain

happycamper515
Feb 20, 2020 - 6:45pm

Unusual globex open

99% percent of the time gold opens down on globex trading. Today is the 1% day.

silverseeker
Feb 20, 2020 - 6:26pm

Technical Analysis as a weapon

Here we are at near market cycle lows in the sector, debating whether some of its premier companies stock can trade lower... Rick would observe this as further evidence that the sector is definitely ready to move higher.

I don't hesitate for an instant in believing the stock monkey market makers are working over retail longs, plying for cheap shares and building positions via churning these stock charts to sow indecision... and stop/gap out weak longs. This looks so much like 2010, arguing whether run away gaps in FR.to HL or CDE would back fill... they did, a few years later. This is not trading advice, just my observation of present sentiment.

happycamper515Loblolly Pine
Feb 20, 2020 - 5:39pm

A portfolio of KL, AEM, and a

A portfolio of KL, AEM, and a few others would have faired far worse than GDX or GDXJ. GDX and GDXJ are near 52-week highs. KL and AEM are nowhere near 52-week highs. When you're picking mining stocks you can't pick only winners, you're bound to pick a few stinkers too.

Hilltopper
Feb 20, 2020 - 5:35pm

FWIW

My first mining stock account was with Jerry Pogue in Spokane until I changed to Rick Rule at Torrey Pines. Talked to him at their office back in the nineties. Back in the day Doug Casey was getting a lot of his ideas from Rick. Then there was also Bob Bishop with his hotline on the phone called GMSR. Not sure what happened to Bob. Some of us have been at this for a very long time.

allenbmavens
Feb 20, 2020 - 5:30pm

Mavens

Saved it.

I'll let you know.

Loblolly Pine
Feb 20, 2020 - 5:27pm

Suffice to say, Rick doesn't

Suffice to say, Rick doesn't advocate holding mining ETFs. Leave it at that, and thank you very much.

However, on the bright side, Ned Naylor-Leyland, does. He says so in this 2018 interview (and yes, 2018, not 2019!)

"I do think holding individual names is a bad idea."

Silver and Gold in the Modern Portfolio (w/ Ned Naylor-Leyland)
Ag027
Feb 20, 2020 - 5:26pm

Best of the Best

I have been folling Mr. Rule since 2013. He is now looking more bullish on PMs and miners. Very informative podcast. Craig has asked him very specific questions to get best out of him. Loved it. Rick’s knowledge is unmatched in resource sector.

Please bring him on every quarter during this bull run to get his wisdom.

Cheers..!!!

Feb 20, 2020 - 5:12pm

Sprott ATE with Luke Gromen

Recorded Tuesday

HistoryStudent
Feb 20, 2020 - 4:46pm

I'm sure the big ones like Barrick did good.

Later on the other ones catch up.

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