Rick Rule joins Silver Doctors to discuss how palladium has amazing potential, and how a supply disruption could trigger a massive move higher…
Palladium recent hit an all time high. Rick Rule joins Silver Doctors to discuss how palladium has amazing upside potential still, and how a supply disruption could trigger a massive move higher. He also discusses possible downside potential.
Rule first discusses the gold mining sector. The recent Barrick/Randgold merger created the largest gold mining company in the world.
Also, Rule discusses the recent Newmont/Goldcorp merger. He says mergers often result in positive consequences such as eliminating duplicate overhead, lowering cost of capital, and allocating capital more optimally.
Precious metals have been on the rise. He says the price of gold is often inversely related to the strength of the U.S. Dollar. The recent rise of gold is a consequence of the lack of strength in the U.S. Dollar, he deduces. Furthermore, he says if the Fed stops rising rates or maybe even cutting them, gold could rise significantly.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.