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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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MARKET SUMMARY

INDICES

Name Last Change
DOW 24809.80 0.64%
S&P 500 2693.55 0.66%
NASDAQ 7000.64 0.92%
TSX 16138.75 0.60%
TSX-V 805.15 0.00%

Resource Commodities

Name Last Change
Gold 1261.34 0.48%
Silver 16.14 0.56%
Copper 3.11 1.98%
Platinum 912.50 1.77%
Oil 57.30 0.45%
Natural Gas 2.61 2.76%
Uranium 24.25 N/A
Zinc 1.44 0.00%

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