Rick Rule, if you’re not familiar with him, is a legendary metals and mining investor. In this interview with Gold Report, he gives his thoughts on the disconnect between metal equities and the metals themselves, along with his outlook for the US dollar and metals.
A quick teaser/summary:
- Believes the disparity between gold stocks and gold prices will continue, as the margins of gold miners have been squeezed significantly. Profits are not where you’d think they would be, given that gold is up from $300 to $900.
- Sees a continued softening in the US dollar over the next few years, as the bad economic news from the US will continue to mount.
- As a result, he sees gold and silver moving higher in dollar terms.