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Rick Rule: Where Sprott Is Deploying Capital & A Hong Kong Surprise - King World News

By admin 4 years ago 884 Views No comments

Interview Excerpt:

Rick Rule: Where Sprott Is Deploying Capital & A Hong Kong Surprise

Friday, June 6, 2014

Eric Sprott

Rick Rule comments on the difference between the reception from Asian investors and North American investors during his visits to Hong Kong and Vancouver:

"I am just back from Asia, Eric. That trip just reinforced to me that the resource market is probably bottoming and heading higher. The demand for resource-related investments in Asia is incredibly strong.

As you know, Sprott has won mandates from a variety of Asian investing entities. Visiting with them and going to speak at a conference in Hong Kong just reinforced the need that Asia has for resource related investments, which will most likely be in place for the next 10 years.

The difference in sentiment between the conference I spoke at in Hong Kong and the conference I just spoke at in Vancouver was really noticeable. The Asians view this as an incredible opportunity to get involved in the sector, whereas in Vancouver you could feel the mood was downbeat.

We both know that the summer is generally very soft in junior resources. My suspicion is that we are now entering a period from now to September that is perhaps the last good buying opportunity in the sector. So that's what I'm focused on. I'm looking for bargains and looking to deploy the money that Sprott has been successful in raising over the last year."

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