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Sprott explains being contrarian; Rule notes gold's historic volatility
12:15p ET Saturday, December 21, 2013
Dear Friend of GATA and Gold:
Sprott Asset Management's Eric Sprott tells Bull Market Thinking's Tekoa da Silva that gold now seems like the ultimate contrarian trade. "You have to be a buyer when people are non-believers," Sprott says. "You have to believe in something based on data that says you're right when the world will tell you you're wrong, because when the world says you're wrong and you're right, you know that the return will be outsized because no one is there." The interview is posted here:
http://bullmarketthinking.com/billionaire-eric-sprott-%E2%80%9Cyou-have-...
Sprott's Rick Rule, interviewed by Sprott Money's weekly market review, notes the gold market's historic volatility and says that even spectacular declines in the gold price have not ended gold bull markets. The interview is not quite six minutes long and it can be heard here:
https://soundcloud.com/sprottmoney/sprott-money-weekly-wrap-up-ep12
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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