Categories:
General Market Commentary
/
Precious Metals
Topics:
General Market Commentary
/
General Precious Metals
Gold Market Is In 'Very Good Shape' - Rick Rule
Despite a slip in the gold price, one longtime expert says the market is still in “very good shape.” Speaking with Kitco News, Sprott U.S. Holdings CEO Rick Rule said he thinks gold is setting itself up for further gains. “The most important determinant of gold prices for the last 40 years has been they have been negatively correlated with faith the U.S. dollar and faith in the U.S. 10-year treasury,” he explained. “The U.S. 10-year Treasury is, I believe, close to the end of a 35-year bull market. That would suggest gold is much closer to the beginning of a bull market.”