Rick Rule Rhetoric (@rickrulerulz) 's Twitter Profile
Rick Rule Rhetoric

@rickrulerulz

Sharing insights and analysis from the mind of the legendary resource and commodities #Investor and #Speculator for the Rick Rule fans. (Not the real Rick Rule)

ID: 1520231867127017473

calendar_today30-04-2022 02:41:49

1,1K Tweet

18,18K Followers

173 Following

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"The truth is that we needed to be investing in #copper capacity 30 years ago, and there's simply no way in the next 10 years that we're going to be able to catch up."

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"#Gold does well in periods of fear, and we aren't in a period of fear yet. We're still in a period of greed. The interest in AI, as an example, generated larger gains in names like #NVIDIA than the entire gains of the gold sector."

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"In 2022, when the #lithium boom was at its absolute craziest frenzy, the annual report of $SQM, the second largest lithium producer in the world, said that at current lithium prices and demand rates, they had 85 years of reserves. Does this feel like a shortage?"

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"If you have to buy #uranium as a utility, it almost doesn't matter what price you pay. The cost of the uranium fuel to run a nuclear power plant is less than 5% of the total cost of producing electricity."

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"There are industrial applications for #silver, but in my lifetime that hasn't been what's mattered to the market. What's mattered is that silver is the poor man's #gold. It has a lower unit value, so more people can participate...when the narrative takes hold."

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"Most people don't want to buy #uranium at $20, but they're delighted to buy it at $100. This is felony stupid, but that's the way most people act."

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"A big part of the narrative a year ago was small modular reactors. The SMRs aren’t going to make a difference in #uranium consumption for 10 years. People got excited about something that was going to happen 10 years from now and gave the story 3 months to have an effect."

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"I love to speculate. It's treated me extraordinarily well, but I work hard. Don't come down in the sector if you aren't prepared to read 10Ks, 10Qs, proxies, management information circulars & resource statements. If you aren't prepared to do that, stay with the biggest & best."

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"It’s true that you have greater optionality with the quote: 'bullshit #silver mines' the people who have great narrative, tiny market caps, and can promote well in a liar's market. But there’s too much risk that someone even dumber than you is buying a burning match after you."

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"The outcome of the election, if you happen to be a citizen or a taxpayer, is not good. I don’t care if she wins; I don’t care if he wins. The loser is you."

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"The people I see who are traders, who are trying to buy a 25-cent stock with hopes of selling it for 35 cents, to me are analogous to people bending over to pick up nickels in front of steamrollers."

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"#Gold is not at all-time highs; its at nominal all-time highs. If you adjust the dollar for purchasing power, it would appear that the price necessary in nominal dollars to be at a real all-time high would be at something like $2,850. It’s important to understand that."

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"#Gold bull markets are generally led by the metal itself. The primary motivation for bull markets is fear, and the fear buyer doesn’t buy penny stocks; that’s the greed buyer."