“Eric King: “Rick, we’ve recently seen historic extremes on the downside in gold, silver, and the shares. Did we get the capitulation you were looking for?”
Rule: “Well, we were on the verge but we didn’t quite tip over the edge, unfortunately. I say ‘unfortunately’ because when you are going through these capitulations they are certainly terrifying events, but they set the stage for a dramatic recovery….
“There are people who argue that we hit the capitulation phase with regards to the junior mining shares but I don’t believe it to be so. And the reason it did not happen with the metals themselves is because demand for gold and silver is still incredibly strong.
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