On the heels of the release of the Fed minutes and subsequent spike in gold and silver, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule. Rule told KWN that gold is showing signs of strength and we have now started a merger and acquisition boom in the mining sector.
Rule, who is now part of Sprott Asset Management, also discussed the enormous problems both Europe and the US face: “Additional stimulus will be needed soon according to many Federal Reserve policymakers, unless the economy shows signs of a durable pickup. I don’t see any signs of a durable pickup, so I think they are signaling that there is going to be additional easing.”
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