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Gold Stocks, Not Gold Prices Will Have A Breakout Year - Rick Rule

Gold stocks and not gold prices will have a breakout year in 2018, largely because people are not “afraid of anything right now,” said CEO of Sprott U.S. Holdings Rick Rule.

“Gold will do well this year, but it is not on a verge of a breakout, gold stocks are. Gold outperformed gold stocks last year and this year [the underdog] is going to surprise, particularly because of low expectations,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25219.40 0.08%
S&P 500 2732.22 0.04%
NASDAQ 7239.47 0.23%
TSX 15452.64 0.29%
TSX-V 830.17 0.00%

Resource Commodities

Name Last Change
Gold 1347.46 0.01%
Silver 16.67 0.12%
Copper 3.24
Platinum 1011.50 0.16%
Oil 61.68 0.55%
Natural Gas 2.56 0.86%
Uranium 24.25 N/A
Zinc 1.64 0.00%

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