Where Is Gold Headed? Focus on These 2 Factors Says Rick Rule

The price of gold in 2017 will be ruled by two things: 10-year U.S. yields and the U.S. dollar. At least that’s what famed investor Rick Rule thinks. Giving his 2017 outlook, Rule tells Kitco News he expects these factors to weigh on the yellow metal at least for the first quarter of next year. ‘I think the chief competitor that gold has is the 10-year treasury, I think that’s the world’s benchmark instrument where people go to in times of stress,’ the Sprott U.S. Holdings CEO said. ‘A small deviation of wealth from the U.S. 10-year treasury to gold and gold stocks will have a dramatic impact on gold prices.’ In his candid and straightforward fashion, Rule also shared his outlook on newly elected Donald Trump, who he thinks will likely worsen the U.S. deficit issue in 2017. (show less)

The price of gold in 2017 will be ruled by two things: 10-year U.S. yields and the U.S. dollar. At least that’s what famed investor Rick Rule thinks. Giving his 2017 outlook, Rule tells Kitco News he expects these factors to weigh on the yellow metal at least for the first quarter of next year. ‘I think the chief competitor that gold has is the 10-year treasury, I think that’s the world’s benchmark instrument where people go to in times of stress,’ the Sprott U.S. ... (read more)

Gold & Silver Outlook 2017

Gold & Silver Outlook 2017
Every December, Kitco News launches its Outlook series, giving viewers a unique perspective as to how experts think markets will move in the coming year. Will 2017 be the Year of the Raging Bull? Outlook 2017 will aim to answer that question by covering topics ranging from the global economy, the U.S. dollar and, of course, gold and silver. Don’t miss our coverage, which will include opinions of some of the most well-known names in the industry. And, look out for our most popular features like our coveted Invest Like The Experts series as well as our newest feature: the Most Fascinating People of 2016. Enjoy and happy holidays!

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