Rick Rule Comments On Recent Gold Pullback

By rick rule / March 23, 2019 / www.youtube.com / Article Link


https://sdbullion.comhttp://www.silverdoctors.com/precious...President of US Sprott Holdings Rick Rule says, because of how relatively small the gold market is, if a small portion of the investment public moved towards gold, this shift would have a dramatic impact on the price.Rule notes markets don't go straight up. A downtrend or uptrend in precious metals lasting a few weeks should not be taken very seriously. Gold and silver have fallen since late February but have now started rising again.Investors still consider the U.S. 10 Year Treasury as a safe haven, he says. However, he sees investors will see the value of gold and divert some of their savings into gold.Rule comments on other precious metals: palladium and platinum. Palladium is near an all time high. While platinum with respect to gold is near lows. Demand is extremely inelastic for both palladium and platinum. However, a downturn in the economy would be bearish for palladium and platinum.

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