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(Untitled) Sep 15th 2013, 01:35, by noreply@blogger.com (Cliff Küle) Precious Metals or  Mining Stocks?  Sprott's Rick Rule worries that the natural resources sector has not seen a wave of capitulation selling that typically characterizes the end of a bear market .. emphasizes how quality mining projects must get into the hands of those most capable of creating shareholder value, bad projects & poor management must go .. Rule is more bullish on the actual metals themselves: "In the past three months, we have seen gold move from weak hands to strong. Western central banks have been selling gold to frontier and emerging market banks .. Another major change has been the collapse of the 'paper' market and the rise of the physical market. During the bull market for gold, institutional investors borrowed money – often in Yen – and used it to buy gold on the futures exchange. That worked fairly well until the momentum left the gold market .. Then the paper market collapsed because those money managers unwound the 'carry trade.' But the physical market grew. Instead of leveraged institutions, these are living, breathing individuals buying real gold instead of futures." .. so even though precious metals may be set to continue higher, Rick believes the mining stocks may still have some pain to endure. LINK HERE to the article

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