Rick Rule Weighs In On The Gold & Silver Takedown
April 18, 2013
Today one of the wealthiest people in the financial world spoke with King World News about the takedown in the gold and silver markets. Here is what Rick Rule, who is business partners with billionaire Eric Sprott and the CEO of Sprott USA, had to say about the takedown and what investors should expect going forward:
Eric King: “Rick, how do you view what is happening right now in the gold and silver markets? This certainly qualifies as the ‘psychotic break’ you kept warning KWN readers could take place in these key markets.”
Rule: “Yes, this is the psychotic break I kept warning could take place. Clearly we are now in the capitulation phase. In previous interviews on KWN I said that bull markets end with upside blowouts and bear markets end with capitulation. And we are now in a massive capitulation….