Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Rick Rule: I Was Early on Uranium, Here’s Where I’m Looking Next

by January 25, 2024
January 25, 2024
Rick Rule: I Was Early on Uranium, Here’s Where I’m Looking Next

Looking first at gold, he reminded market participants that currently only 0.5 percent of total US savings and investments are in assets related to precious metals — that’s much lower than the four decade mean of 2 percent.

‘I believe that we’re going to have reversion to mean,’ he explained. ‘I’m not one of these guys who says that the US Treasury market’s going to collapse, gold’s going to win the war against the US dollar — ridiculous. Reversion to mean. If you have reversion to mean, you quadruple demand for precious metals and precious metals-related securities in a market that is by itself 22 percent of the world’s savings and investment capital market. That’s what’s going to happen.’

In terms of uranium, Rule reiterated that although momentum remains, the easy money has been made.

‘I’ve now sold enough stock that I’ve recouped all my capital. I’ve sold enough to pay tax on the capital I’ve recouped. And I sold a little more just to reward myself for being smart and early,’ he commented.

When asked what commodity could be the next uranium, Rule said he isn’t seeing anything quite so obvious. ‘But,’ he added, ‘there are things that investors dislike because they’ve disappointed them, and that’s where I’m looking.’

Areas he’s eyeing include platinum and palladium, as well as laterite nickel. And Rule’s favorite speculation — although not for right now — is silver. Finally, he said for investors (not speculators) the oil and gas business is a no-brainer.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Sen Vance memo warns GOP colleagues of ‘systemic failures’ in US aid to Ukraine
next post
Hunter Biden business associate to testify on Biden’s alleged role in China deals amid impeachment inquiry

Related Posts

Oil and Gas Price Update: Q1 2024 in...

May 1, 2024

Getchell Gold Corp. Announces Closing of Debenture Financing

May 4, 2024

More High-Grade Lithium at Higginsville Lithium District

February 19, 2024

ALX Resources Corp. Resumes Lithium Exploration at Hydra...

October 30, 2023

Aether Global Innovations Corp. Signs Strategic Partnership MOU...

August 22, 2023

Skyharbour Partner Company Terra Clean Energy Begins Extensive...

February 15, 2025

Nuclear Fuels Mourns the Passing of Independent Director...

March 20, 2025

Nextech3D.ai Launches Augmented Reality Games In Its New...

October 29, 2023

Marvel Completes Drilling at Duhamel, Nickel-Copper-Cobalt Project, North...

March 8, 2024

Aether Global Announces Loan Agreement

May 4, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • 3 S&P 500 Charts That Point to the Next Big Move

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • Prospectus

    • Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

    • Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

    • Galan Lithium Limited: A$20 million Placement to Strategic Partner

    Categories

    • Business (1,256)
    • Investing (2,578)
    • Politics (3,699)
    • Stocks (1,667)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved