American investors interested in gold and mining stocks, especially small “junior” mining stocks, meet Steve Todoruk, Investment Executive with Sprott Global, from Carlsbad, California. Steve and I spent 36 hours together last week visiting Skeena Resources’ Spectrum property in Northern BC, and got to know each other over cheap wine and good hospitality at the Bear… Continue Reading
Rick Rule, Chairman of Sprott U.S. Holdings Inc., warned last week that “capitulation” was beginning to occur in resource stocks. Precipitated by sudden volatility in the general stock market, small resource stocks could witness another big sell-off, he said. Resource stocks could bottom off the selling, he explained, finally putting an end to the bear… Continue Reading
In case you missed it last week Rick Rule Chairman of Sprott US Holdings was on BNN Market Call last Wednesday night with host Mark Bunting. The always entertaining Mr. Rule discussed with Mr. Bunting precious metals stocks. Here are my notes from the show. There are two ways that commodities can recover from a bear market.… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Is this what a market turn feels like? “Great opportunities in natural resources occur once per decade,” Rick Rule explained at the Symposium. “They occur at the bottom of a ‘bear market.’ “And this ‘bear market’ is the most severe that I have seen since the mid 1980’s. That suggests a… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Read online > At around $1,200 per ounce as of May 20, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides. India in particular has been a major purchaser of physical gold. In 2009, the Indian government made… Continue Reading
Listen to full audio (Mp3) > Read online > Rick Rule, Chairman of Sprott US Holdings, sat down with Tekoa Da Silva to discuss his early experience investing in natural resources. What lessons did he learn from those early days? What are some of the principles for investing in individual companies, not just commodities as… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Read online > John Ciampaglia, our head of ETFs, rang the bell at the New York Stock Exchange on Monday – see the videohere. Our gold mining ETFs — SGDM (large stocks) and SGDJ (smaller stocks) — are now trading on the NYSE. Our main subject today, though, is a trend… Continue Reading
Tekoa Da Silva recently spoke with Rick Rule, Chairman of Sprott U.S. Holdings, on video for our readers. In this discussion, Tekoa and Rick get into the ‘nuts and bolts’ of speculating in exploration stocks. What’s the right amount to have in these stocks? What should a resource portfolio look like in different market cycles?… Continue Reading
Today we are talking about liberty, social media and the securities business with Rick Rule, the best communicator in the mining investment business, and the chairman of Sprott USA, the world’s leading natural resources and precious metals investor. Mr. Rule has his own agenda for our call: he wants to remind the market of Sprott’s… Continue Reading
Bob Quartermain has been one of the most successful resource sector investors of the last 20 years. He ran Silver Standard, acquiring silver projects and making discoveries during the precious metals bear markets of the early 90’s and early 2000’s. Rick Rule was involved in financing the company in 1992 when it was a small… Continue Reading
As cyclicality in natural resource markets expresses itself in earnest, Adrian Day, of Adrian Day Asset Management, was kind enough to share a few comments on symptoms of resource market tops and bottoms. Reflecting on nearly 35 years of experience in the resource business (starting as an editor-turned-money manager), Adrian noted that one must realize,… Continue Reading
During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more. When I asked for his expectation of a final capitulation sell-off in resource markets, Rick noted that, “We came… Continue Reading
By Henry Bonner (hbonner@sprottglobal.com) Read online > You might not realize it, but we’re living through an exceptionally slow period for exploration. The ‘junior’ resource sector simply is not making new discoveries. The TSX-V, where most Canadian exploration stocks are traded, is down around 60% in four years. As a result, fewer investors are willing… Continue Reading
Diamonds are penetrating Chinese and Indian jewelry markets, but reports on mine supply say diamond production may peak in the next two years and begin to decline. The graph below from McKinsey & Company shows expected future production1: Goldman Sachs reports that if current growth continues unabated, demand for diamonds should rise at a compound… Continue Reading
>>Interview with Rick Rule (MP3) During a time where the pain of downward pricing has spilled from minerals into the energy sector, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. On the recent collapse in oil Rick noted that, “[M]arkets work. The cure for high prices (despite Washington’s… Continue Reading
