from The Au Report:
The Gold Report: In a call with Sprott clients last week, you said that the junior resource market is at an intermediate-term top right now and there will be good summer entry points. Why is the market at a top now instead of May, which is more typical? Should investors wait until the summer entry points to get into good juniors?
Rick Rule: The top could continue through mid-May. If investors have positions in their portfolios that they aren’t thrilled with, they should use this market to sell. One of the things I’ve noticed is that if an investor paid $1 for a stock and the stock is at $0.35—even if the stock was valueless—they are unwilling to sell it for $0.35. In many cases, the stocks that fell from $1 to $0.25 or $0.35 are now selling at $0.50 or $0.60. My suggestion is that this is a great time to take advantage of it.
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