Link to Rick Rule’s Symposium on Natural Resource Investing: https://opptravel.zohobackstage.com/TheRuleSymposiumofNaturalResourceInv...
Rick Rule, veteran natural resource investor and former CEO of Sprott Inc., an investment firm with over 20 Billion in assets under management, joins Jack to share his current outlook on the commodity complex as well as several lessons he has learned over the course of his career. Lesson #1: don’t overstay your welcome. When the price of a stock is assuming a price for the commodity it produces that is higher than you think is sustainable, it might be time to ring the register.
Does the recent jittery price action mean a recession is in the cards? Perhaps so. But Rule still believes that underinvestment in production will make a durable commodity bull market very likely. Rule explains his outlook on natural gas, oil, copper, iron, and Uranium, and shares his opinion on several natural resource stocks from all around the globe.
Filmed on July 5, 2022.
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Timestamps
00:00 Introduction
01:29 Commodity Thesis
04:20 Globally Synchronized Recession
10:15 What Matters More - Supply Or Demand?
14:52 Oil
26:23 The Energy Crisis In Europe
35:20 Natural Resource Symposium
39:44 Greatest Lessons Learned
48:53 Uranium
55:00 Natural Gas
57:07 Specific Stocks
1:01:50 Canadian Oil Stocks
1:04:58 Copper and Iron
1:07:32 Hedging
1:13:10 Gold
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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