GREY:VITFF - Post by User
Post by
willibrichon May 26, 2016 11:43pm
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Post# 24909121
Sage advice for retail investors
Sage advice for retail investors
Yes , the price of gold and so , gold miners is presently fixated on the latest " economic data " out of the U.S. and if the Fed is going to raise their prime rate. Consider that all this " noise " in the market place is irrelevant to a medium term or longer term investor. I respect the advice of Rick Rule , the President of Sprott Asset Management , U.S.A. He manages over a billion dollars. He has over 40 years of experience in the resource sector. He recorded an interview for King World News on May 22 , 2016. ( www.kingworldnews.com ) He gives some sage advice to retail investors. Principally , we are in the very early stages of a bull market in gold that will last many years. Expect retracements and periods of consolidation in individual stocks and in the overall gold mining stock market. Do not get shaken out of your core positions. Have patience and perseverance. Constantly re-evaluate your companies. Mr. Rule provides some interesting insights into our current market situation. J.M.H.O.