Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings."Confidence in too many things is too high," Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, "gold does well when people are afraid of other stuff."  Rule is more upbeat on gold miners, despite miners having lagged physical gold last year.  "Gold miners are going to surprise, particularly because of low expectations," Rule said.

 

Watch more from Kitco News:

This article was written by a staff member of TheStreet.

More from Bitcoin

2018 Has Been a Terrible Year for Bitcoin; Will That Continue in 2019?

2018 Has Been a Terrible Year for Bitcoin; Will That Continue in 2019?

Gold Will Rally 22% in 2019 and Outperform Everything

Gold Will Rally 22% in 2019 and Outperform Everything

Blockchain to Supply Chain: New Technology Could Make Big Impact on Big Oil

Blockchain to Supply Chain: New Technology Could Make Big Impact on Big Oil

Bitcoin Falls Hard, Volatility Returns After Rare Good Week

Bitcoin Falls Hard, Volatility Returns After Rare Good Week

Is the Cryptocurrency Exchange Marketplace at Risk?

Is the Cryptocurrency Exchange Marketplace at Risk?