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Rick Rule continues:


“It’s a cyclical decline in a secular bull market.  It’s very, very important for investors to understand that.  We like the uranium space.  We also love the palladium and platinum space.  As the outside market conditions appear to most people to be getting worse and worse, for us they are getting better and better.


As you know, Eric, we are not investment bankers in the classic sense, we are investors.  We are check writers, and we see a situation where goods are on sale across a broad spectrum where we participate....


Continue reading the Rick Rule interview below...




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“But we see so much opportunity out there that it’s almost difficult to segregate on behalf of clients the opportunities.  That’s how broad the opportunities are today. 


Eric, I’m just back  from PDAC and I think it’s a wonderful indicator.  Reports said that there were 30,000 people present at the show.  What was of interest to me was the level of panic present at the place.  Would be issuers could not raise money, and service companies suggested that their order books were drying up. 


At the same time, Sprott (the company) was approached by retail money, small institutional money, and some of the largest investors in the world saying, ‘We understand your message that selective stuff is cheap and we would like to participate alongside Sprott.  We like the fact that you invest your own money.’  Understand that when I say, ‘largest investors in the world,’ I mean some of the biggest pools of capital and wealth on the planet that are looking to enter these markets.


So I just see this absolutely spectacular confluence of need and smart money, surrounded by broad, public capitulation in the sector.  I can say without qualification, Eric, that this is the 30th PDAC I’ve attended, and from my personal point of view this one will go down as the most productive.  That’s a strong statement because in other bear markets such as 1990 to 1992, and 1999 to 2001, PDAC was extremely productive for me. 


Walking through the largest mining convention in the world that has all of the industry participants there, to cite the old movie, ‘The Good, The Bad & The Ugly,’ and to see the money avoiding the good, the bad, and the ugly, after the sector has been marked down 50%, is an absolutely unique opportunity as far as I’m concerned.


Bernard Baruch famously said, ‘The only person who bought at the absolute bottom and sold at the top was a liar.’  I think we have a situation where the market as a whole can go lower, but where the values are astonishing for investors looking to establish or increase positions.


One of the things that amazed me at PDAC is that the best promoter in the mining world, Robert Friedland, telling the best story of his career, and telling it with absolute strength, couldn’t move his own market (Ivanplats symbol IVP in Canada).  To me that really speaks to the opportunity.


You have the best presenter on the planet giving the best presentation of his career, and having the added advantage of all of it being true, and yet the market paid absolutely no attention.  These are interesting times indeed, and full of opportunity for the smart money.”


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The interviews with John Embry, Gerald Celente, Dr. Stephen Leeb, Jim Sinclair, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now.  Also, be sure to listen to the other recent KWN interviews which included James Turk, Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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