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« Hedge funds in gold price rethink | Main | Gold Stocks: This Bear Phase isn’t over yet »
Thursday
Feb122015

Rick Rule: "We Haven’t Seen Capitulation In Natural Resources Yet"

This might be of interest to you - someone else who would like to see a final capitilation:

During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more.

When I asked for his expectation of a final capitulation sell-off in resource markets, Rick noted that, “We came close last October. There were some moments of absolute panic…but we didn’t follow through with a capitulation… Capitulation usually follows a protracted period of diminished volume… [and] I have never seen a bear market in the juniors end without [one].”

“[But] just because I haven’t seen it doesn’t mean it has to be that way,” he further added.

Opportunities found at the extreme lows of capitulation, “[Are[ truly stupendous,” Rick explained. “I remember in the summer of 2000 that some stocks declined from $4.00 to $.40 cents, and were going ‘no bid’—changing hands at $.07 or $.08 cents...That’s what happens at the end of a capitulation, because every last available seller is gone.”

Read more or listen to the audio here

Could there be a final capitulation just ahead of us?

Have you plenty of cash to take advantage of the coming bargain prices?

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