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Having seen this gold market before, Rule tells KWN he won't be shaken out
4:08p ICT Wednesday, April 2, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's Rick Rule tells King World News today that he has seen this gold market in the 1970s and won't be shaken out. "I remember investors panicking out of the market," Rule says. "Others investors were margined out as well. That washout was incredibly brutal and the gold market correction took no prisoners by crushing the weak hands. But the investors who either panicked out or were forced out of the gold market had to sit by and watch gold advance a staggering 850 percent from $104 to $850 in a matter of a few short years."
Rule's interview is posted at the KWN blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/2_Rul...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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