Rick Rule: Coronavirus is the Trigger for a Reset, Not the Driver

The Investing News Network sat down with veteran investor Rick Rule of Sprott at the Prospectors and Developers Association of Canada convention in Toronto this week to discuss current conditions in the gold market. #PDAC2020 #gold #coronavirus

When asked about the COVID-19 coronavirus' role in recent market action, Rule said he doesn't see it as the driver. "I think it's the trigger — I think it's an excuse," he said.

"I think that there were underlying concerns in the market ... my suspicion is that there were pressures building in both debt and equity markets for a reset, and we certainly got a good excuse."

________________________________________________________________


Investing News Network (INN)

Find out more about investing by INN @


Follow this link to learn more about Gold ↓


Want a FREE investor kit? Download here↓


Follow us Facebook:


Follow us on Twitter:
@INN_Resource

________________________________________________________________


The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

pdac,rick rule,sprott,gold,gold price,central banks,interest rates,covid-19,coronavirus,united states,recession,gold outlook,gold forecast,gold stocks,mining,investing,