Recorded on March 24, 2026
Rick Rule joins Andy Millette for a wide-ranging conversation on one of the sharpest resets in gold equities and why he sees panic selling as opportunity for disciplined buyers with a longer time horizon. He explains why he is using a shopping list instead of trying to call exact bottoms, how discounted NAV multiples can create takeover setups, and why high-quality names can separate quickly from weaker peers after a washout. The discussion then moves into the 2026 Rule Symposium, including how attendees can prepare before arriving, why the pre-conference interviews matter, and what investors can gain from both the live event and the recordings. Later, Rule breaks down the ripple effects of oil, LNG, helium, fertilizer, and Gulf supply disruptions, then connects those pressures to long rates, QE, housing affordability, and broader stress in credit markets. He also lays out why he remains constructive on gold, copper, and uranium over a multi-year horizon even if the next few months stay volatile. Rick closes by explaining his free portfolio review process and why independent thinking and long-term resource investing still offer major upside for prepared investors. If you follow natural resources, macro, energy, precious metals, and long-cycle investing, this interview is worth your time. Like, subscribe, and ring the bell. #Millettian
Key topics
Why Rick Rule says panic in gold equities can create opportunity
The shopping list strategy instead of trying to call exact bottoms
Why this selloff can halt M and A near term and strengthen it later
What makes the 2026 Rule Symposium different from other events
Oil, LNG, helium, fertilizer, and broader energy shock implications
Long rates, QE, and why policymakers may lose control of the curve
Housing affordability, municipal bonds, and long bond pressure
Credit contagion risk in high yield bond ETFs
Rick Rule free portfolio review through Rule Investment Media
Why Rick still likes gold, copper, and uranium over the longer term
Guest links
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
Natural Resource Stocks LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
Natural Resource Stocks Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
Natural Resource Stocks TikTok https://www.tiktok.com/@natural.resource.stocks
Natural Resource Stocks Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Gold panic, M and A, and long rates hook
01:59 Rick Rule joins Andy Millette
02:45 Gold stocks on sale and the shopping list approach
06:59 Exxon and buying when things are cheap enough
09:31 Why this selloff can set up stronger M and A
10:23 What makes the 2026 Rule Symposium different
19:01 Oil, LNG, and broader energy shock risks
24:22 Long rates, QE, and the case for gold
29:04 Housing, munis, and long bond pressure
33:22 Credit contagion and junk bond ETF risk
39:01 Free portfolio review through Rule Investment Media
40:58 Gold, copper, and uranium opportunity
47:10 Sovereign individual and long-term optimism
48:02 Final thoughts on the symposium community
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