00:32 Introductions
00:48 Impact of 30 yr US treasury bonds hitting 19 year high
02:06 The reason for high interest rates
03:16 Gold Market Insights
04:40 Rick’s current position on gold equities
06:19 Producers shift from capital returns to mergers and acquisitions
07:54 Equinox acquisition of Orla example
08:32 Strategic acquisitions: Agnico Eagle and Rupert example
08:27 Timeline to discovery and production of new mines
11:13 Rick’s take on Silver and shift from physical silver to equities
14:13 Is there a cap on silver due to industrial uses?
17:10 Copper Outlook through 2030
20:14 Uranium and term contracts tightening
23:12 Worldwide uranium supplies, deficits and the impact of Sprott
24:14 Uranium pricing - positive impact of move to term market
29:39 Oil outlook over next 5 years
30:42 Longer term structural deficit in oil
32:45 Thought on reaching carbon neutrality for 2035-2050
34:37 Lightning Round
35:02 Disclaimer on Lightning round comments
35:58 Agnico Eagle
36:38 Equinox Gold
38:06 Abra Silver
39:47 Banyan Gold
42:02 Bluemoon Metals
43:05 Alphamin
45:33 Rio 2
47:24 Rick will rank your portfolio
47:55 Rule Classroom
48:20 2026 Rule Investment Symposium
51:10 Important Interview Disclaimer