Rick Changed His Mind on Uranium -- Here's Why...

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Күн бұрын

February 18, 2022
Market update with Rick Rule and Albert Lu.
Join us at Rick Rule's Virtual Uranium Bootcamp in March
rulesymposium.com
0:00 Rick's uranium thesis
02:13 Comments on the general market environment
05:44 Mistaking liquidity for brains
13:28 Cash as an insurance policy
15:01 Multiple simultaneous risks emerge in the market
20:19 Canada's emergency action against protesters
26:37 The reason Rick (and Warren Buffett) like capital intensive businesses
30:44 Charlie Munger's comments on inflation
33:47 What would Rick do in this inflationary environment if he still ran a restaurant?
37:38 Why isn't gold up more this year?
41:16 Gold miners are up this year
43:17 How Rick values gold miners
44:05 Junior miners have not kept pace with the large producing companies, and they shouldn't
45:48 The reason Rick changed his outlook on uranium (again)
49:52 Announcing Rick's Uranium Bootcamp (Online Mar. 19)
Learn more about Rick Rule here, ruleinvestmentmedia.com
Follow Albert Lu on Twitter @AlbertKLu

Пікірлер: 128

@libertysprings2244 2 жыл бұрын

Rural Texas is the safest place to be for freedom. We have tons of oil, gas, cattle, guns, and a willingness to fight anyone that tries to take those things from us.

@tempsman 2 жыл бұрын

I bet I could take your cows from you.

@MarketSanity 2 жыл бұрын

Always love to hear from Rick. And Albert, you are one of the best interviewers out there. Keep up the good work.

@RuleInvestmentMedia 2 жыл бұрын

Thanks, will do!

@zoltantoth1566 2 жыл бұрын

As a libertarian, i am happy to see Rick speaking more politics. Rick is awesome in that too. Be careful with it though, being smart and honest is not a guarantee to not get which-hunted. Wish you all good with this new channel.

@brandonklosterman2978 2 жыл бұрын

Seeing Rick this giddy about uranium gives me goosebumps.

@mustavogaia2655 2 жыл бұрын

Funny - a few months ago Mr Rule point to Canada as a focus odf jurisdicional risk. It was mostly regarding oil, gas and mining in general but I think it applies to the current situation.

@goldfinger10000 2 жыл бұрын

Love you guys I’m your pupil learning from the best I salute you both . Thank you for your time and energy to put these videos together it’s gold and a no brainer looking forward to attending the Uranium conference in March .

@RuleInvestmentMedia 2 жыл бұрын

Our pleasure!

@stonemonkey900 2 жыл бұрын

Great to hear your thoughts again Rick. Thanks to you and Albert.

@drno3391 2 жыл бұрын

Thanks a lot, this 360 interview is timely and invaluable !!

@gmb858 2 жыл бұрын

Regarding Charlie Munger's vision. The elements that have led us to this juncture encapsulated in this quote: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the Public Treasury. From that moment on the majority always votes for the candidates promising the most benefits from the Public Treasury with a result that a democracy always collapses over loose fiscal policy always followed by dictatorship. The average age of the world's greatest civilizations has been 200 years." Alexander Fraser Tytler- "Decline and Fall of the Athenian Republic"

@jlushefski 2 жыл бұрын

Empirically that is true. I wonder if things are sped up now with technology...hard to say.

@spg77777 2 жыл бұрын

Always interested to hear Mr. Rule. Thx.

@smartliner7871 2 жыл бұрын

Does anybody have a press release or any source that says that 18 japanese reactors are in the permitting process for a restart ?

@kevinwilliamson2236 2 жыл бұрын

Great conversation. Thank you gentlemen!

@Really10801 2 жыл бұрын

Agreed, Rick is always insightful... if you listen carefully. The interviewer was terrific, asks good questions and lets Rick answer them, without silly interruptions.

@jonathanprice30 2 жыл бұрын

Excellent content!

@fredkruger8726 2 жыл бұрын

In the USA most places you can still buy a gallon of gasoline for less than a quarter. That is a 1964 or before dated quarter. The 90% silver content.

@howardwiener2652 2 жыл бұрын

My grandfather used to buy gas for a nickel a gallon and buy 12 get one free. Priced in silver coins, we’re currently more than double that price. I suspect, however, that if we eliminate the draconian taxes and regulations that have been imposed by local state and national governing bodies, the price of gas would Still be about a nickel.

@IveSpentMonthsPreparingForThis 2 жыл бұрын

Watching a Rick interview is like reading a Nassim Taleb book. It literally makes you a more intelligent human being.

@quant2011 2 жыл бұрын

Now watch Darry Anka/Bashar speeches and your mind will expand much more!

@nicosmind3 2 жыл бұрын

I own a Nassim Taleb book I've heard several people mention, however haven't read it, and it's pretty far down my list...

@dmcac1 2 жыл бұрын

Thank you Rick for everything you share

@wisconsinfarmer4742 2 жыл бұрын

Around a year ago RR mentioned Birchcliff Energy, Canadian gas and oil, it has gone from 2.20 to 5.50 One mention today is Cameco 19-27 in two months.

@G4bber 2 жыл бұрын

"The experience in the immediate past" also distorts future prospects regarding personal freedom. Rick must have noticed that 😉 Keep it up 👍

@keepingitsimple88 2 жыл бұрын

Rick Rule was on fire in this segment !

@andrewrosenberg3346 2 жыл бұрын

looking forward to 03/19 even if it's super early my time...

@RuleInvestmentMedia 2 жыл бұрын

See you there!

@scottwilliamson1606 2 жыл бұрын

Great session men! Good to see you Albert!! Cheers!!

@RuleInvestmentMedia 2 жыл бұрын

Thanks! You too!

@gregoryhoefer3660 2 жыл бұрын

How do you sign up for the uranium symposium so you can watch on your tablet? Thanks.

@RuleInvestmentMedia 2 жыл бұрын

hopin.com/events/rule-investment-media-uranium/registration

@Richard_Martin 2 жыл бұрын

Rick is the man

@Phaedrus5015 2 жыл бұрын

I am a subscriber to Justin Huhn's Uranium Insider Newsletter. I know he is one of the speakers at the Bootcamp. What information might I get from the Bootcamp that Justin's excellent newsletter doesn't already provide? Thank you.

@marcgerges1380 2 жыл бұрын

Hi Rick very good insights, you guys are great. Cheers

@radoslawz2303 2 жыл бұрын

Uranium!!! I'm buing more and more stocks now. Thx guys!

@prygler 2 жыл бұрын

The uranium stocks are not down 50%. They are down 30-40% from their top high which is very normal volatility in uranium. They can go down more in a panic sell if Russia attacks.

@Timothy_Pitt 2 жыл бұрын

Why do you think he states so inaccurately this figure? It baffles me. Just down to human error?

@ianwilson5669 2 жыл бұрын

Don't believe Russia will invade Ukraine. Smoke and mirrors by the Biden administration. A distraction from the mess there in at this time. Look over here. Nothing to see over there. Political hocus pocus.

@resourcesspeculator4866 2 жыл бұрын

@@ianwilson5669 Maybe they want Russia to invade to provide an even bigger distraction; they've certainly provoked Putin a lot. If Russia doesn't receive adequate security guarantees and fails to invade, I think he loses too much credibility internationally and domestically. IMO, high probability that he invades and quickly disables Ukraine.

@jonathanprice30 2 жыл бұрын

Most of my uranium stocks are down 50% from high. BMN, 92E, DYL, DNN etc. and, He did note Juniors are where he sees value. As do I.

@gibbogle 2 жыл бұрын

Some I own are down 60%, e.g. Bannerman.

@lh4620 2 жыл бұрын

Hi Rick... the link to the symposium doesnt seem to work today... maybe you need to ask your team to check it... would love to sign up...

@RuleInvestmentMedia 2 жыл бұрын

hopin.com/events/rule-investment-media-uranium/registration

@billyd1107 2 жыл бұрын

I really enjoyed the BootCamp first half was well worth the price of admission. I like the way the panels were laid out with the sandwich of CEO Interviews/

@zerotohero7756 2 жыл бұрын

Missed the deadline to sign up for the boot camp, do you know anywhere I could go to get the recording?!

@robertschreiber5314 2 жыл бұрын

Brilliant, Rick Any chance that the price of Polymetal will recover?

@Joonyeob 2 жыл бұрын

When Rick Rule speaks, I listen. Brilliant speaker with intelligence, experience, and wisdom.

@zen5326 2 жыл бұрын

RICK THE RULE putting down some solid insights as always. An inspiration. An inspiration to be a better speculator and thinker. Always thought your pivot away from your rap career was a risky move, but clearly its paid of handsomely.

@dylanriver3347 2 жыл бұрын

Rick one of my favourite commodity guys, legend.

@ronbaltus1092 2 жыл бұрын

If we take my money out of the bank where should we put it? I don’t think credit unions are safe either? What would be safe ?

@liuyong3133 2 жыл бұрын

Does anybody know where the uranium bootcamp is being held?

@RuleInvestmentMedia 2 жыл бұрын

It will be online. hopin.com/events/rule-investment-media-uranium/registration

@ResourceTalks 2 жыл бұрын

Interesting title. I'm wondering why uranium equities crash with risk-on assets but barely move to the upside when there is positive news like the recently announced desire of the French president to build 14 new nuclear reactors, the Japanese restarts, etc, etc. Maybe this lag is to test out patience before taking off. Who knows?

@fredkruger8726 2 жыл бұрын

Buy and hole … the crowd has to recognize the value… which over time happens but it’s hard to know the delusions of crowds.

@peterwilson9327 2 жыл бұрын

rick knows

@bobwilliams9061 2 жыл бұрын

RT: if you can figure it out let me know too. Also, I've followed Rick since he was at Torrey Pines and he always has that smile of the cat that ate the canary - I know something you don't -- so I listen very hard cause he's been right a lot. The keys to wait the 2+ years for the big move cause he's always ahead of the crowd

@Timothy_Pitt 2 жыл бұрын

Patience required, yes

@Xatos1337 2 жыл бұрын

Because uranium is still a speculation making it a risky investment not a safety valve like energy stocks you're thinking of. Until uranium is mainstream which is a long way away its a speculation and speculations sell-off when there's risk in markets. Simple as

@adamgoulding5328 2 жыл бұрын

Rick It is scary, I live in Australia, not much different here!

@ronaldodowd7838 2 жыл бұрын

And now to change direction and ask you the question that no one else has: when Sprott took over UPC, did Denison and the Lundin Group keep a minority stake in the Sprott PUT? After all, you and Sprott made a lot of money with the Lundins in the past.

@quant2011 2 жыл бұрын

So kazatomprom is $9b market cap, worlds largest uranium producer - that is just 3x more than kardashian family. Wtf?

@LucaItalia-jj9zw 2 жыл бұрын

both gentlemen, both educated, and one of them particularly bullish as well ) thank you

@thewiz1231 2 жыл бұрын

I guess Rick overlooked the risks an active shooting war has on Nuclear power. Lol IMO nuclear is done, it's not worth the risk. If I worked at a nuclear power plant and war broke out, you need to leave asap or understand you will be held hostage by your government or the invaders. Best case scenario is you escape before hand, worst case scenario is you are held hostage to keep the plant running and dies in the process. (while upper management escaped) Renewables might be less efficient, but they are decentralized and "safe". If I am a Japanese nuclear power policy maker, I'd start moving all the spent fuel rods they currently hold on site ASAP. Unless they want to risk the fallout if north Korean ever targets their power plants.

@ronaldodowd7838 2 жыл бұрын

However, like you I did not support freezing individual bank accounts. That was a huge political overreach just like the 9-11-01 anti-terrorism legislation. It was dangerous and uncalled for. IMHO, it was enough to charge those people who broke the law and deny them bail in the most serious cases. Too many of them are probably still in jail but I don't know the exact nature of the charges laid against each one of them.

@wisconsinfarmer4742 2 жыл бұрын

neophyte question: is inflation all that scary if money supply keeps pace? or have we seen a big increase in money supply and now comes the inflationary response?

@Bilal-zl7ky 2 жыл бұрын

Rick always changes his mind. First he says he is bullish so that he can sell his bags. Then he says he's bearish to buy cheaper. Nobody is billionaire by accident 😉

@Fedgery007 2 жыл бұрын

Didn’t know that Rick could move markets based on KZfaq interviews?!

@fabfor18 2 жыл бұрын

🤝

@ChrisGrande 2 жыл бұрын

@@rickrule6947 I follow you rick and I can vouch for you here. If people follow you regularly they would see this. If they tune in once every 7 months, they shouldn’t “use you” as an advisor. Markets swinging 10%/mo from sector to sector. If we don’t pay attention regularly we will miss stuff. But that’s a good thing for active investors, especially ones who have cursed indexing. This is the active manager’s market.

@RuleInvestmentMedia 2 жыл бұрын

@@ChrisGrande thanks!

@z3ak999 2 жыл бұрын

@@Fedgery007 KZfaq, Twitter, reddit, linked in, millions of viewers who are looking to invest? How are you not able to see how that could inflate prices..?

@robertdagge200 2 жыл бұрын

Vancouver is not alone. When working in the DRC as a foreigner, I paid a salary tax 25% more than locals. And the state does just about NOTHING for anyone iin the DRC - so contributing to......?

@zoltantoth1566 2 жыл бұрын

Not a complaint, rather a useful feedback: the sound contains high amount of hissing noise.

@RuleInvestmentMedia 2 жыл бұрын

Noted!

@EssittoRusko 2 жыл бұрын

The ruler!

@buttlesschap 2 жыл бұрын

Silver maples or silver libertads?

@cjgood 2 жыл бұрын

got my tix!

@grandstander_1 2 жыл бұрын

Albert, it has happened there. The Patriot Act. You're just used to it because it doesn't affect you. Just like how the Emergencies Act here in Canada has not affected me.

@RuleInvestmentMedia 2 жыл бұрын

true

@jeravincer 2 жыл бұрын

Ok what do i do with my U stocks now? Rick can i email you my U portfolio and you can rank them all as "last" lolz ...

@RJ-rp5ot 2 жыл бұрын

I did and did not get the analysis promised!

@kevinfernandes8527 2 жыл бұрын

Sprott uranium trust keeps BUYING!!!!!!!!!!!!!!!!!!

@jeffsmithson4104 2 жыл бұрын

Albert clearly doesn’t do the shopping in the Lu household.

@darren2351 2 жыл бұрын

Very annoying scratching noise in the background for entire interview!! Aside from that, great interview :)

@RuleInvestmentMedia 2 жыл бұрын

Noted!

@david-alexandrebilodeau7301 2 жыл бұрын

41:30

@thewiz1231 2 жыл бұрын

As a uranium investor, you should always be worries about the risks not discussed. Nuclear power is the most centralized form of power generation and the easiest for Authoritarian governments to control. I dunno how 13 days ago Rick can claim to be a libertarian bullish on the most central form of power generation and not even have the war in Ukraine and Russian invasion as even being on the radar. Interesting times indeed. I bet the March 19th symposium will be interesting... Maybe Germany and Japan are smart to move away from nuclear. Even if there is a painful transition.

@atlas4225 2 жыл бұрын

Rick, your interest issue with bonds is even worse. The 'capital gains' of the '2%' will be taxed by the very govt that has been using the invested capital. How crazy is that!?!

@metacoppercoin5292 2 жыл бұрын

Ukranium

@sb917 2 жыл бұрын

Not too good, usually when rick od buying, stocks will be dropping in near term

@rickmarshall3783 2 жыл бұрын

I applaud Rick in that he is the first I have heard that admits that he was wrong and he was caught up in conformational bias, in that his past experiences had blinded him of the ulterior motives of government and their totalitarian ambitions. In general, this is the problem with the baby boomer generation. I am only barely one generation in front of him. I hope the tide is changing and changing quickly because it will soon be to late and the pain to dig out of this "Reset", horrific.

@martinleepgg 2 жыл бұрын

Rick has a trapdoor mind and very articulate. Take care he plays the dumb act like a master....read between the lines.

@martinleepgg 2 жыл бұрын

@vhwithdlr Inflation is under estimated by the majority, it takes no prisoners. Now is the time to position oneself for what's upon us.

@robertmartin4821 2 жыл бұрын

Uranium for future power generation should be a no brain consideration. Where are the other sources?

@daveforgot127 2 жыл бұрын

Gas and oil

@Schnooklebear71 2 жыл бұрын

Rick Rule is cowbell.

@jeravincer 2 жыл бұрын

ah ok ... he was bearish and now he's bullish again ... i won't email my broker lolz

@Alaric2030 2 жыл бұрын

Uranium to the moon?! please reply and tell me. I don't want to listen to this for an hour.

@Spacecat357 2 жыл бұрын

The cost of female participation in the labor force is population quality and quantity.

@longgowhereto 2 жыл бұрын

The sound is shit where I sit. But as more and more UScits like to put sound under interviews I must thank that you did not. Rick once said if we would like to know about his bank, we should write "bank". What I received are three mails but no bank info. You might ask him a little about the bank. Next time. I leave at half time as work screams and Munger is not my thing.

@thaturaniumguy 2 жыл бұрын

I never learn anything from Rick on uranium.

@nicosmind3 2 жыл бұрын

I never learn anything from random commentators on youtube videos

@tinogomez6944 2 жыл бұрын

Glad I didn’t contribute financially to their cause. My cheapness payed off.

@frankryll4942 2 жыл бұрын

Have Gun Will Travel reads the card of a man. A knight without armor in a savage land. His fast gun for hire heeds the calling wind. A soldier of fortune is the man called Paladin. Paladin, Paladin Where do you roam? Paladin, Paladin, Far, far from home. He travels on to wherever he must. A chess knight of silver is his badge of trust. There are campfire legends that the plainsmen spin. Of the man with the gun, of the man called Paladin. Paladin, Paladin Where do you roam? Paladin, Paladin, Far, far from home. Far from home, Far from home.