Rick Rule Rhetoric

"I have never seen gold stocks as cheap at today's gold prices as they are right now."

“If there was an actual failure to deliver #Silver the COMEX would declare force majeure, they would shut down the market, and they would cash settle at the price that ‘they’ set. You will never ever catch the dealers short in a market that they own.”

“At mining week, we heard that the cost of building a new #copper mine, are escalating at around 8% compounded per year. Which suggests a $10 billion built today becomes a $10.8 billion build next year and perhaps a $12 billion build the year after.”

The Energy Mix of the World’s 10 Largest Economies.

“Most days the $SPUT outsells the spot market 2:1, which is to say the tail is wagging the dog. That has meant that the industry’s reliance on the spot market for fuel supplies for 20 years is coming to a screeching halt, and the industry is starting to recognise that.” #Uranium

Global #Oil Production

“When I read the comments on the internet, I’m struck by how little the internet experts actually know about the #silver market. It’s distressing.”

Countries building the most nuclear reactors. #Uranium

“My experience has been that news traders are usually pretty stupid, so I tend to sell news.”

🇸🇦 Saudi Arabia – 37.2% 🇮🇶 Iraq – 22.8% 🇦🇪 UAE – 12.9% 🇮🇷 Iran – 10.6% 🇰🇼 Kuwait – 10.1% 🇶🇦 Qatar – 4.4%

#Oil Trade Through the Strait of Hormuz

@TheLege2 youtu.be/dgQumy6IcTM?si…

@RickRuleRulz Did Rick really say this? May hang on to my WTI longs, if so 😄

“If the Iranians or Americans, shut down the Strait of Hormuz for an extended period of time, the #oil quote is going to go nuts. There’s plenty of float in the oil market right now. If 10 days from now we’re in the same circumstance, you’re going to see the crude quote go nuts.”

“If you’re a pensioner living on a fixed income, please understand that in 2036 it will take you $4,000 to buy what $1,000 buys you now. Plan for that now. If I’m wrong, the only penalty for you is that you have some extra savings.”

“I’m unconcerned about errors of omission, which is money that, in theory, I could have made. I’m concerned about errors of commission, which is money that I lose”.

“The increase in the #gold price that we saw from $2,200 to $5,000 was a historical function, not a forward looking function. When this market digests, I think it will be slow and steady higher for 10 years.”

“The risk in Canadian oil and gas isn’t geology. It’s Ottawa.”

“I continue to believe that, on a risk-reward basis, #Cameco is better than the juniors. They have material that they regard as waste that everybody else would call ore.”

“In a bull market, you haven’t made the money until you’ve taken the money.”

“The International Energy Agency, no fan of fossil fuels, has revised its estimate of when peak #oil demand will occur - from a recent estimate of 2030 to 2060. A fairly dramatic revision.”

“Bernard Baruch famously said, ‘The only guy who bought at the bottom and sold at the top was a liar.’ I like to take a nice fat slug out of the middle.”