Rule – How Investors Can Make A Fortune In These Market
May 23, 2013
Today one of the wealthiest people in the financial world spoke with King World News about what he described as the most extraordinary contrarian indicator he has ever seen in his life. Rick Rule, who is business partners with billionaire Eric Sprott and the CEO of Sprott USA, also shares with KWN readers how they can make fortunes going forward in these turbulent markets. Below is what Rule had to say in this tremendous interview.
Rule: “I listen to Bernanke and people of his ilk mostly for amusement. I’m not trying to suggest that what they say isn’t important, but the idea that Bernanke has managed to convince markets, investors, and intermediaries, that liquidity or cash in the system is a substitute for solvency is a very interesting achievement.
But the reality is that fortunes are made by betting against widely held premises such as the one I just mentioned, and that’s what I am doing with my own money.”
Eric King: “Rick, you have seen the chart from the Richard Russell KWN piece which showed the number of bulls in the Gold Miners Bullish Percent Index which stands at a remarkable 0%.”
Rule: “I think that’s hilarious. I have never in my life seen a sentiment index like that….