It's been quite a while since I got Rick "The Terminator" Rule's take on our markets. A lot has changed in the resource sector, so we got together, but it turned into a conversation moderated by Albert Lu rather than an interview. We covered the macro, as the timestamps below suggest, but zoomed in on how those trends affect energy, metals, and mining stocks. We had to talk about gold, of course—which took me to a question about Rick's new bank idea that's been bothering me since he talked about it at the New Orleans Investment Conference. Don't let the subjects mislead you; this was a very practical conversation with guidance I think is very important for resource speculators (and all investors) today.

 

 

Time stamps:

00:35 — Broader market update
09:48 — China reopening months away
15:31 — Effect of China reopening on commodities
17:56 — The next recession
19:07 — Lessons from the gilt market meltdown
21:02 — Rising interest rates and emerging markets
23:25 — Real yield with inflation at 8%
27:23 — Sentiment among family offices
30:07 — Rick's notion of leveraging gold holdings
42:25 — Yamana Gold takeover