Sprott Global Resource Investments Ltd. (TSX: SII) is a wholly-owned subsidiary of Sprott Inc., a public natural resources investment management firm listed on the Toronto Stock Exchange (Symbol SII). We offer investments for all individuals who are interested in precious metals, mining, oil and gas, alternative energy, forestry, agriculture, and/or water industries. The combination of Global Resource Investments with Sprott Inc. in 2011 produced a powerful alliance for natural resource investors.
Sprott, Inc. employs more than 130 professionals and manage in excess of $8 Billion in resource investments. We believe that we are the largest investment house in the world that is focused on small capitalization natural resource stocks. The merged entity offers access to investment opportunities in all resource sectors across the globe. In this Wall Street View, our host caught up with Rick Rule, President and CEO of Sprott US Holdings, Inc. at the New Orleans Investment Conference 2014.
A frequest guest with us on StockNewsNow.com, Rick begins by discussing his thesis on what's currently going on in resources, "I think my title if I remember correctly is, 'You Suffer through the Pain...Why don't you hang around for the Gain?' (Click the link to read). My thesis is going to be that natural resource markets are quite cyclical, and that bear markets are the authors of bull markets, which we've talked about on your show before. It's my belief, Shelly, that for serious speculators in natural resources, we will look back at last year, this year, and perhaps some of next year, and we will say, 'those were the good old days. Stuff was so cheap.' The competition for opportunity was non-existant. When markets are dear, and we're looking around for bargains, we will look back at this point in time and say, 'That was the biggest sale. I can't believe I did not participate more fully.'"
"Exploration and exploration speculation requires hard work, cash and courage. People's expectations of the future set by their experience in the immediate past. That's why bull markets go so stupidly high, and why bear markets go so stupidly low. If your experience in the immediate past has been bad in a bear market, your anticipation of the future is bad. If your experience in the immediate past has been good, your expectation is good. What causes a bear market to become a bull market, this is important for your viewers, what causes a bear market to turn into a bull market is that the market exceeds expectation, and the expectations are so low right now, Shelly - the hard thing to do would be to get under the bar, not over the bar. Now, when is it going happen? I don't know. Is it going to happen? Depending on how you view things, this is my fourth or fifth cycle - day follows night - bear markets are the authors of bull markets; bull markets are the authors of bear markets."
For more information about Rick Rule and Sprott US Holdings, check out their website here, where you can also subscribe to "Sprott's Thoughts" - www.SprottGlobal.com
Recent articles with Rick Rule on Stock News Now:
"We've Been Through the Pain...Will We See a Gain?" by Rick Rule in MicroCap Review Summer/Fall 2014 Edition
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