Resources broker Rick Rule sees more gold buying ahead.
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Dear Friends of GATA and Gold:
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He'll be a speaker at the New Orleans Investment
Conference -- neworleansconference.com
By Thom Calandra, Editor
CBS.MarketWatch.com
Wednesday, August 14, 2002
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Rick Rule makes much of the fact that...
...
"It will be a (commodities) sell signal when our peers
attempt to employ exploration geologists," says Rule,
who puts himself firmly in the school of lifelong contrarian investor.
...
Rule sees central banks, long sellers of bullion
as they replaced their gold reserves with paper assets,
giving gold its just deserts. "I am of the belief that if
the dollar continues to soften and gold continues
to strengthen... will go out and buy gold,"
...
Rule also says Barrick Gold (ABX),
the world's second biggest gold producer,
is perhaps the only major producer
whose stock is attractive at current levels.
Pure gold investors are wary...
... "Despite its hedges,
Barrick Gold has the best organic growth
of any of the majors...
....
Rule also sees a water crisis ahead for the western...
...
Rule will speak at the New Orleans 2002 Investment Conference
neworleansconference.com November.
-END-
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CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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