Kitco News, Released on 7/7/20

For Part 2 of this interview, CLICK HERE

Equities markets are ignoring weak fundamentals, but a rally that is not based on sound macroeconomic growth is likely to be unsustainable, said Rick Rule, president and CEO of Sprott U.S.

“Bull markets that aren’t based on growth and value end in tears. I’m not suggesting, by the way, ten years from now, equity prices won’t be higher, even substantially higher. What I’m concerned about is the next three years. I have a difficult time seeing the circumstances that would promote real economic growth,” he said.

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.

  economy, stock market