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Gold Market Is In 'Very Good Shape' - Rick Rule

Despite a slip in the gold price, one longtime expert says the market is still in “very good shape.” Speaking with Kitco News, Sprott U.S. Holdings CEO Rick Rule said he thinks gold is setting itself up for further gains. “The most important determinant of gold prices for the last 40 years has been they have been negatively correlated with faith the U.S. dollar and faith in the U.S. 10-year treasury,” he explained. “The U.S. 10-year Treasury is, I believe, close to the end of a 35-year bull market. That would suggest gold is much closer to the beginning of a bull market.”

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Name Last Change
DOW 24682.30 0.18%
S&P 500 2711.93 0.18%
NASDAQ 7345.29 0.26%
TSX 15675.28 0.38%
TSX-V 830.84 0.00%

Resource Commodities

Name Last Change
Gold 1333.12 1.64%
Silver 16.58 2.29%
Copper 3.03 1.45%
Platinum 954.35 0.82%
Oil 63.40 2.11%
Natural Gas 2.67 0.90%
Uranium 24.25 N/A
Zinc 1.47 0.00%


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