'Nobody Is Afraid of Anything Right Now' -- Rick Rule

Gold is unlikely to rise further at a time when sentiment in risk assets is bullish.

Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff."  Rule is more upbeat on gold miners, despite miners having lagged physical gold last year.  "Gold miners are going to surprise, particularly because of low expectations," Rule said.

 

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This article was written by a staff member of TheStreet.