“Please Lord, give me one more Gold bull market, I promise I will not waste this one…”
Rick Rule, CEO of Sprott U.S. Holdings, on my stage in 2016, talking to a beat up crowd of gold investors.
Gold has been on a tear since late March, up 45% in 5 months. Investors have piled into the junior equities, looking for that small cap torque that can change your life.
I’ve written extensively over the past few weeks about holding cash, being patient, and waiting for the best deals in the resource sector to emerge.
This year the typical summer doldrums were blurred by a mind bending $1.7 Billion sliding in the miners in June - that was 36% of the total money raised year to date in the resource sector (June was followed by another $1.2B in July):