Sunday, October 29, 2006

Golden thoughts...

From an article by David Vaughn at Kitco:

"[Rick Rule] now believes that gold and silver stocks are about to go "silly" on the upside... maybe the silliest he has seen in his long career.” “Coupled with strength in the metals, he fully concurs with Doug Casey’s views that we are on the verge of the bull market of a lifetime."

I found this noteworthy as Rick Rule tends to be fairly skeptical about valuations, so if he thinks that there is a huge rally coming, it tends to give one pause. The article also has some worthwhile observations on the increasing institutional participation in the resources sector.

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