Rick Rule: Large Miners "Crowding" Back Into Exploration
Rick Rule, Chairman of Sprott US Holdings, discusses the general state of the resource equity market. He notes that the "Cost of Money is high, Large commodity producers are depleting mine reserves," and are now shifting back toward exploration.
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MARKET SUMMARY
INDICES
| Name | Last | Change |
|---|---|---|
| DOW | 25850.60 | 0.40% |
| S&P 500 | 2774.88 | 0.35% |
| NASDAQ | 7459.71 | 0.39% |
| TSX | 16000.86 | 0.19% |
| TSX-V | 621.61 | 0.00% |
Resource Commodities
| Name | Last | Change |
|---|---|---|
| Gold | 1326.42 | 0.23% |
| Silver | 15.91 | 0.63% |
| Copper | 2.90 | 0.030 |
| Platinum | 829.00 | 0.19% |
| Oil | 56.96 | 0.35% |
| Natural Gas | 2.70 | 2.26% |
| Uranium | 28.70 | 0.00% |
| Zinc | 1.22 | 0.00% |