Episode Details

Legendary commodity investor Rick Rule sees weakness coming for natural resources and thinks investors should be ready to take advantage. In this special season premiere episode, he's here to tell you what he's buying. 

Rick Rule, President and CEO of Rule Investment Media, joins In the Money with Amber Kanwar to kick off a new season with his outlook for gold, oil and natural resource stocks. While higher interest rates and a stronger U.S. dollar could weigh on commodities through the rest of 2026, Rule remains firmly bullish over the longer term—and says a pullback could put the assets he wants to own “on sale.”

He explains why he believes declining purchasing power and negative real interest rates could ultimately propel gold higher, and why years of underinvestment could leave the oil market facing a structural supply shortage by the end of the decade.

In the mailbag, Rule tackles viewer questions on Abaxx Technologies (ABXX), Nations Royalty (NRC), International Petroleum (IPCO), Athabasca Oil (ATH), Dundee Corporation (DC.A), Vizsla Silver (VZLA), Solaris Resources (SLS), Copper Giant Resources (CGNT) and Alphamin Resources (AFM)—digging into everything from management and valuation to geopolitical risk and the enormous potential rewards that can come with it.

And in Pro Picks, Rule revisits last year’s ideas—including Sprott (SII), Exxon Mobil (XOM) and the former EMX Royalty, now part of Elemental Royalty (ELE)—and reveals three stocks he likes now across the risk spectrum: Agnico Eagle Mines (AEM), Equinox Gold (EQX) and speculative play Talon Metals (TLO). On Talon, Rule makes the stakes clear: if his exploration thesis is wrong, investors could lose 50%. If it works, he believes the discovery could be profound.

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Timestamps
0:00 Trailer: Rick Rule on commodities, gold, and oil

0:39 Episode intro and season premiere setup

2:02 Disclaimer and what this episode covers

2:28 Welcome to the season premiere with Rick Rule

4:49 Commodities near-term outlook, rates, dollar, and inflation

6:34 Why inflation and bond yields may stay sticky

8:34 Debt, deficits, and why the cycle feels familiar

9:58 Lessons from the 1970s inflation era

12:52 Why falling commodity prices can be buying opportunities

15:00 Gold, war, and negative real interest rates

17:36 Why oil has not reacted like a true shock yet

19:30 When oil shortages become structural

22:57 How Canada can better position itself

26:16 Rick Rule’s investing method and edge

29:55 ITM Mailbag: Abaxx Technologies and the short report (ABAX)

32:23 Nations Royalty and Indigenous led royalties (NRC)

36:47 International Petroleum vs Athabasca (IPCO, ATH)

40:52 Why Dundee still matters to Rick (DC.A)

44:30 Vizsla Silver, huge upside, major risk (VZLA)

51:01 Solaris Resources and Copper Giant (SEI, CGNT)

52:36 AlphaMin Resources and the tin market (AFM)

55:21 Past & Pro Picks (SII, XOM, ELE, AEM, EQX, TLO)

1:08:05 Rick Rule off the mic, outdoors, reading, mentoring

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