Rick Rule 7.2 62 ideas
Founder, Rule Investment Media
After 1 day
47%winrate
-0.6% avg
18W / 20L · 38/42 ideas
After 1 week
31%winrate
-2.2% avg
11W / 24L · 35/42 ideas
After 1 month
17%winrate
-7.4% avg
6W / 29L · 35/42 ideas
Recent positions
TickerDirEntryP&LDate
By sector
Stock
27 ideas
-6.1%
ETF
24 ideas
-10.9%
Commodity
9 ideas
+19.8%
Crypto
1 ideas
currency
1 ideas
Top tickers (by frequency)
GDXJ
3 ideas
0% W
-12.2%
SIL
3 ideas
0% W
-19.2%
GOLD
3 ideas
—
—
SILVER
2 ideas
100% W
+19.8%
GDX
2 ideas
0% W
-12.0%
Best and worst calls
Best calls
OXY LONG
+22.5%
Rule believes WTI oil is currently a "news trade" based on Iran tensions and is fundamentally ahead of itself in the sho...
Mar 01
SILVER SHORT
+19.8%
Rule explicitly stated, "I sold roughly 80% of my silver in mid to late January." He argues the "coiled spring" energy a...
Mar 01
SIVR SHORT
+19.8%
Rule explicitly stated, "I sold roughly 80% of my silver in mid to late January." He argues the "coiled spring" energy a...
Mar 01
Worst calls
SILJ LONG
-26.3%
Rule sold his physical silver because the "hate" for the asset dissipated and the chart went parabolic. However, he real...
Mar 01
SIL LONG
-23.7%
Rule sold his physical silver because the "hate" for the asset dissipated and the chart went parabolic. However, he real...
Mar 01
ELE LONG
-20.3%
Rule notes a valuation disconnect: Large royalty cos (FNV/WPM) trade at ~2x NAV, mid-caps at 1.4x, and juniors (Elementa...
Mar 01
Oil prices could rise on supply disruptions.
If the Straits of Hormuz blockade continues, oil prices will rise significantly due to shortages after floating inventory and strategic reserves are depleted; long-term, oil prices are supported by sustaining capital deficits.
Rick Rule Investment Media
Silver overvalued after rapid rise.
Sold physical silver because it was no longer hated and had a hyperbolic up move; the reason for ownership disappeared, making it overvalued and speculative.
Rick Rule Investment Media
Cameco is a leading uranium producer.
Cameco is a competitive uranium producer, well-managed, transformed into a seller of watts with high-grade deposits, and is positioned to benefit from uranium demand growth.
Rick Rule Investment Media
Uranium benefits from energy security concerns.
Uranium is the greatest beneficiary of the Gulf conflict due to energy security needs; Japanese reactor restarts will drive near-term demand, and it offers non-carbon base load power.
Rick Rule Investment Media
Copper demand growth driven by electrification.
Copper demand is expected to grow compounded due to electrification and AI data centers, with potential to consume more copper in the coming decades.
Rick Rule Investment Media
Mid-tier gold producers are undervalued.
Mid-tier gold producers are underpriced relative to senior producers; gold price will do well, and they may be taken over, offering valuation upside.
Rick Rule Investment Media
High-yield ETFs have liquidity risks.
High-yield ETFs are risky due to liquidity mismatches between liquid ETFs and illiquid underlying bonds, posing a risk similar to 2008 CDOs, and should be avoided.
Rick Rule Investment Media
Gold is a savings asset and liquidity.
Gold functions as a savings asset and liquidity; he increased his gold holdings as a hedge against uncertainty and as a store of value.
Rick Rule Investment Media
Gold will maintain purchasing power as dollar falls.
The US dollar is expected to lose 75% of its purchasing power this decade while gold maintains its purchasing power, leading to a significantly higher nominal gold price for the rest of the decade. This macro view supports being bullish on the physical metal.
Rick Rule Investment Media
Gold stocks undervalued relative to gold price.
Gold deposits in the Abitibi region of Ontario and Quebec are near existing infrastructure like mills, roads, and power, meaning they can be mined and the ore shipped to 'rock-hungry' mills within 15-20 kilometers. This lowers capital costs and makes these deposits highly attractive for acquisition and development.
Rick Rule Investment Media
Focus on mid-tier single-asset gold producers.
Single-asset gold producers trade at a discount because they are viewed as riskier, but that risk disappears if they are acquired by a multi-asset producer. This creates an easy arbitrage opportunity. Investors should focus on the 'snack bracket' of mid-tier producers that are likely takeover targets.
Rick Rule Investment Media
Stated gold's bull market is intact, comparing recent correction to 25% pullbacks in the 1970s. Says he welcomes low prices as a "sale" and uses corrections to add to his bullion holdings for insurance purposes. The fundamental circumstances driving gold (lack of faith in fiat currency purchasing power, negative real interest rates) have been in place for years and remain unchanged. A weakening economy will likely force the Fed to cut rates and add liquidity, which is negative for the dollar and positive for gold. LONG because gold is viewed as a core savings vehicle and insurance against dollar depreciation, with pullbacks providing strategic accumulation points. A prolonged period of Fed tightening and significant, sustained USD strength could delay the thesis.
GOLD
Wealthion
Apr 07, 21:30
Rick Rule Investment Media
Sold physical silver and rotated the capital into silver mining stocks. Argued that at a ~$75/oz silver price, the stocks were valued as if silver was $45/oz, creating a significant valuation discount. This valuation gap provides a margin of safety. If silver prices rise, stocks will benefit from operating leverage. If silver prices fall or trade sideways, the stocks could still appreciate as their valuations normalize to a higher silver price baseline. LONG on silver mining stocks as a superior risk/reward vehicle compared to physical silver for capturing the next phase of the silver cycle. A severe, sustained downturn in silver prices below the implied valuation level ($45/oz) could erode the margin of safety.
XLB
Wealthion
Apr 07, 21:30
Rick Rule Investment Media
Expresses "biggest fear" is a 2008-style credit contraction stemming from the proliferation of high-yield/junk bond ETFs. Notes these ETFs hold illiquid underlying bonds but trade with high daily liquidity. If negative press on private credit causes retail investors (Moms & Pops) to redeem these ETFs, managers would be forced to sell the illiquid underlying bonds into a non-existent bid, potentially triggering a widespread credit seizure. AVOID due to high systemic risk and the potential for a liquidity mismatch to cause severe contagion. This fear is a primary reason he maintains high personal liquidity. Regulatory intervention or a managed unwind of the ETF structure could mitigate the contagion risk.
HYG
Wealthion
Apr 07, 21:30
Rick Rule Investment Media
Allocated 25% of proceeds from silver sale into oil and gas, with a view to 2028/2029. Cites a global sustaining capital expenditure deficit of ~$1 billion per day as the core structural driver. The oil industry is capital-intensive; prolonged underinvestment leads to production declines. This deficit, combined with declining dollar purchasing power, points to structurally higher nominal oil prices over the coming years. LONG on the oil and gas sector due to a multi-year supply constraint thesis, though cautions that entry points now are less attractive than earlier in the year. A sharp, sustained global economic downturn crushing oil demand, or a political shift leading to a rapid, massive increase in capital investment.
XLE
Wealthion
Apr 07, 21:30
Rick Rule Investment Media