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Title : Rick Rule's wise words about the large precious metals producer companies...
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Rick Rule's wise words about the large precious metals producer companies...

...back on January 23rd, 2018:

The gold mining stocks that are set for a “spectacular year,” include senior producers and large intermediates, Rule noted.

“They’ll move because expectations for them are so low. They are becoming rational capital allocators and all of a sudden they are generating free cash,” he said.

So, let's see how those senior producers and large intermediates are doing in 2018:

• Newmont (NEM): Down 20%
• Goldcorp (GG): Down 30.8%
• Barrick (ABX): Down 11.2% (that even after the Randick deal, ABX was down 30% a few weeks ago)
• Agnico (AEM): Down 23.9%
• Kinross (KGC): Down 38.9%

We could continue. I suppose spectacular losses or spectacular destruction of shareholder equity is one way we could applaud Rule for his prediction.

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