When discussing today’s precious metals market dive, noted investor Rick Rule says, “Volatility is part of dealing with investing. The volatility we’re seeing today is setting up the upcoming precious metals advance. Is it the vaccine or is there something else inovlved? It’s just part of the landscape. If you’re not psychologically prepared for these movements you need to get out of the market.” Rick’s got a hot list of 45 precious metals equities that he’s now considering for purchasie. He’s looking to sell a few dogs and buy the quality issues. Middle market companies generating substantial cash flow will lead thenext wave up. There’s a dearth of quality exploration issues. During the past decade, exploration has been nearly non-existent. Tier 1 deposits (5mm ounces of gold and 400k per year potential production) and Tier 2 (1-1.5 mm ounce resource 150k per year production) are going to sail higher. Institutional investors need to get into this market and understand the huge potential opportunity. Intelligently crafted mergers are starting to take place. For valuation purposed, P/E is pretty much irrelevant. P/NAV is where it’s at. Rick’s take on royalty companies, the larger ones are still going to do well because base metal producers will be selling their pm streams off. There will be huge transactions of this ilk. Hedge funds may very well become a driving factor in taking miners private. They’re sitting on funds that they either have to use or will have to return to investors. Pension funds are starting to call Rick. Suddenly there’s interest among the largest investors in the world considering putting money into the sector. And long suffering silver investors, take heart. Silver is next. Silver is substantially more volatile than gold. A cyclical decline in a secular bull market always hits silver harder than gold. First comes gold then comes silver, always in that order. Make sure you contact Ric by going to www.SprottUSA.com/rankings for a free resource stock portfolio evaluation.

Direct download: Rick_Rule_09.Nov.20.mp3
Category:general -- posted at: 8:01am EST

If divided government is bad for stocks, so why are stocks soaring? Markets have gone into a bout of euphoria. Big news. Vaccine 90% effective. UK to roll out Vitamin D supplements for people vulnerable to Covid. UK plans Vitamin D rollout to vulnerable as COVID-19 protectionm.economictimes.com › ... › International › World News Covid death rate keeps falling, now almost statistically insignificant. Let’s assume that the vaccine is the cure, what will happen then? Stocks were doing really well before today on the expectation that stimulus would be on the way, in very generous amounts. Treasuries were on the rise. Whatever happens next is great for gold, though the timing is tricky. If stocks tank when traders figure out that stimulus will be delayed, that might pull gold down. But the eventual resulting stimulus will send it through the roof.  NJ credit downgraded on big pension bond sale, Illinois tax measure failed, and that's pretty much it. Junk rating is coming. A sign of things to come all over.

Direct download: John_Rubino_09.Nov.20.mp3
Category:general -- posted at: 8:00am EST

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