0:00 - Intro0:17 - Breaking down gold's recent price moves3:08 - Gold's key long-term drivers7:05 - COVID-19's impact on the market10:18 - Miners not wasting this gold bull market13:45 - Opportunities throughout the gold space18:43 - Patience still needed for uranium22:05 - Oil and gas - another hated sector28:08 - Recapping 2020 and advice for 202131:35 - Outro
The gold price has recovered to above US$1,800 per ounce, but the yellow metal remains far from its summer high point of more than US$2,000. For those feeling worried or concerned about gold's recent performance, Rick Rule of Sprott has the following message: Check your facts. Aside from gold, Rule also spoke about uranium and another "hated" sector that might perform positively in the future.
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.