Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
In an interview with Kitco News, known gold bull and Sprott U.S. Holdings chief Rick Rule said he remains bullish on gold despite the weakness in prices and despite the stronger U.S. dollar index.
“There’s been three times in my career where gold has done well in U.S. dollar terms during a period of U.S. dollar strength,” he said. “In each case, that ended with the dollar rolling over a bit and gold doing extraordinarily well.”
