Will A Recession End The Commodity Bull Market? | Rick Rule
Link to Rick Rule’s Symposium on Natural Resource Investing: https://opptravel.zohobackstage.com/TheRuleSymposiumofNaturalResourceInvesting#/?affl=BlockWorks
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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(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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